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 76.17 (%).Trend:Increase 129.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 27.62 (%).Trend:Decrease 63.74% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 18.07 (%).Trend:Decrease 34.58% than previous quarter

Overall: decreasing (-76.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 96.67 (%).Trend:Increase 170.63% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 47.01 (%).Trend:Decrease 51.37% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 33.75 (%).Trend:Decrease 28.21% than previous quarter

Overall: decreasing (-65.09%). 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 -256.0 (%).Trend:Increase 98.11% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -117.49 (%).Trend:Decrease 54.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -82.21 (%).Trend:Decrease 30.03% than previous quarter

Overall: increasing (-67.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.55 (%).Trend:Decrease 38.25% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.09 (%).Trend:Decrease 29.68% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.17 (%).Trend:Increase 7.34% than previous quarter

Overall: decreasing (-24.52%). Fluctuation: **Neutral** (moderate 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 -114.24 (%).Trend:Decrease 15.25% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -119.36 (%).Trend:Increase 4.48% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -116.66 (%).Trend:Decrease 2.26% than previous quarter

Overall: decreasing (2.12%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 107.14% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 216.67% than previous quarter
Year 2022 Quarter 3: Earning Per Share 1.02 (USD).Trend:Increase 78.95% than previous quarter

Overall: increasing (466.67%). Fluctuation: **Significant** (high variation).



Financial performance analysis of Q1 to Q3 2022 reveals considerable fluctuation across key metrics.  Liabilities and current assets on revenue showed substantial overall declines with quarter-to-quarter variability.  Cost efficiency, measured by retained earnings to revenue and SG&A expense, displayed an overall increasing trend yet substantial negative trends across each quarter.  Invest efficiency, reflected in retained earnings on assets, displayed a slight net decrease but with significant variability.  Earnings per share exhibited a strong upward trend, but also experienced substantial fluctuations in each quarter.