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 42.64 (%).Trend:Increase 231.31% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 23.16 (%).Trend:Decrease 45.68% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 12.5 (%).Trend:Decrease 46.03% than previous quarter

Overall: decreasing (-70.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 65.5 (%).Trend:Increase 223.78% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 30.71 (%).Trend:Decrease 53.11% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 15.67 (%).Trend:Decrease 48.97% than previous quarter

Overall: decreasing (-76.08%). 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 19.45 (%).Trend:Increase 67.82% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 8.77 (%).Trend:Decrease 54.91% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 5.74 (%).Trend:Decrease 34.55% than previous quarter

Overall: decreasing (-70.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.6 (%).Trend:Increase 8.53% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.26 (%).Trend:Decrease 6.07% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.13 (%).Trend:Decrease 2.47% than previous quarter

Overall: decreasing (-8.39%). Fluctuation: **Little** (low 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 11.38 (%).Trend:Decrease 42.35% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 11.35 (%).Trend:Decrease 0.26% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 12.64 (%).Trend:Increase 11.37% than previous quarter

Overall: increasing (11.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.23 (USD).Trend:Decrease 483.33% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.24 (USD).Trend:Increase 4.35% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.17 (USD).Trend:Decrease 29.17% than previous quarter

Overall: increasing (-26.09%). Fluctuation: **Significant** (high variation).



Q1 to Q3 2022 financial data reveals substantial volatility. Working capital efficiency (liabilities and current assets) deteriorated sharply, exhibiting large declines. Cost efficiency, reflected in a substantial drop in the retained earnings ratio, indicates a loss of profitability. While SG&A expenses showed modest decreases, investment efficiency displayed a slight positive trend, albeit starting from a negative base. Earnings per share (EPS) remained negative, indicating ongoing financial strain. The data signifies a need for a deeper dive into the performance drivers.