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 755.94 (%).Trend:Decrease 20.72% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 361.32 (%).Trend:Decrease 52.2% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 157.04 (%).Trend:Decrease 56.54% than previous quarter

Overall: decreasing (-79.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 299.93 (%).Trend:Decrease 60.42% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 109.79 (%).Trend:Decrease 63.39% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 45.49 (%).Trend:Decrease 58.57% than previous quarter

Overall: decreasing (-84.83%). 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 -67.84 (%).Trend:Decrease 122.48% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -38.24 (%).Trend:Decrease 43.63% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -19.36 (%).Trend:Decrease 49.37% than previous quarter

Overall: increasing (-71.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.2 (%).Trend:Decrease 76.41% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.6 (%).Trend:Decrease 36.56% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Decrease 22.63% than previous quarter

Overall: decreasing (-50.91%). Fluctuation: **Significant** (high variation).


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 -2.18 (%).Trend:Decrease 142.91% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -3.65 (%).Trend:Increase 67.43% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -3.61 (%).Trend:Decrease 1.1% than previous quarter

Overall: decreasing (65.6%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -4.58 (USD).Trend:Decrease 70.57% than previous quarter
Year 2022 Quarter 2: Earning Per Share -6.63 (USD).Trend:Increase 44.76% than previous quarter
Year 2022 Quarter 3: Earning Per Share -6.49 (USD).Trend:Decrease 2.11% than previous quarter

Overall: decreasing (41.7%). Fluctuation: **Significant** (high variation).



Financial analysis reveals consistent negative trends in working capital, cost, and investment efficiency.  Liabilities and current assets on revenue are significantly declining.  Cost efficiency shows a decrease in the SG&A expense ratio, but an increase (negatively) in the retained earnings ratio.  Investment efficiency is sharply decreasing, reflected in both retained earnings on assets and earnings per share.  The substantial fluctuations across all areas suggest a volatile financial situation demanding closer scrutiny.