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 450.21 (%).Trend:Decrease 56.6% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 308.82 (%).Trend:Decrease 31.41% than previous quarter

Overall: decreasing (-70.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 482.58 (%).Trend:Decrease 56.23% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 316.6 (%).Trend:Decrease 34.39% than previous quarter

Overall: decreasing (-71.28%). 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 -617.56 (%).Trend:Decrease 44.3% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -421.08 (%).Trend:Decrease 31.82% than previous quarter

Overall: increasing (-62.02%). 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 -69.85 (%).Trend:Increase 16.47% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -71.63 (%).Trend:Increase 2.55% than previous quarter

Overall: decreasing (19.44%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.44 (USD).Trend:Increase 193.33% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.67 (USD).Trend:Increase 52.27% than previous quarter

Overall: decreasing (346.67%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2022 financial statements reveals significant fluctuations in key ratios.  Liabilities and current assets as a percentage of revenue decreased substantially, but with significant variation.  The ratio of retained earnings to revenue showed a significant increase, while retained earnings on assets decreased.  Earnings per share also decreased significantly.  Further analysis is needed to understand the causes of these substantial and varying trends.