Working Capital Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2022 Quarter 1: Liabilities on Revenue 194.84 (%).Trend:Increase 263.37% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 108.28 (%).Trend:Decrease 44.43% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 70.77 (%).Trend:Decrease 34.64% than previous quarter

Overall: decreasing (-63.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 413.27 (%).Trend:Increase 278.38% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 213.35 (%).Trend:Decrease 48.38% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 135.43 (%).Trend:Decrease 36.52% than previous quarter

Overall: decreasing (-67.23%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2022 Quarter 1: Ratio of Retained Earnings to Revenue 51.74 (%).Trend:Increase 284.68% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 23.7 (%).Trend:Decrease 54.19% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 13.77 (%).Trend:Decrease 41.9% than previous quarter

Overall: decreasing (-73.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2022 to Quater 3 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2022 Quarter 1: Retained Earning on Assets 10.28 (%).Trend:Increase 2.29% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 9.1 (%).Trend:Decrease 11.48% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 8.34 (%).Trend:Decrease 8.35% than previous quarter

Overall: decreasing (-18.87%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.42 (USD).Trend:Decrease 134.15% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.65 (USD).Trend:Increase 292.86% than previous quarter
Year 2022 Quarter 3: Earning Per Share -2.28 (USD).Trend:Increase 38.18% than previous quarter

Overall: decreasing (442.86%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2022 to Q3 2022 shows a consistent negative trend across key metrics.  Liabilities and current assets on revenue decreased significantly. Cost efficiency, measured by the ratio of retained earnings to revenue, fell sharply. Investment efficiency, as measured by retained earnings on assets, also showed a downward trend, though less pronounced. Earnings per share continued the significant negative downward trajectory.