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 82.23 (%).Trend:Increase 166.38% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 43.73 (%).Trend:Decrease 46.82% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 30.84 (%).Trend:Decrease 29.48% than previous quarter

Overall: decreasing (-62.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 666.15 (%).Trend:Increase 125.49% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 280.66 (%).Trend:Decrease 57.87% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 177.11 (%).Trend:Decrease 36.9% than previous quarter

Overall: decreasing (-73.41%). 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 -267.47 (%).Trend:Increase 192.44% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -146.48 (%).Trend:Decrease 45.23% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -112.3 (%).Trend:Decrease 23.33% than previous quarter

Overall: increasing (-58.01%). 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 -18.16 (%).Trend:Increase 28.89% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -20.7 (%).Trend:Increase 13.99% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -24.95 (%).Trend:Increase 20.53% than previous quarter

Overall: decreasing (37.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -1.23 (USD).Trend:Decrease 67.8% than previous quarter
Year 2022 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 143.9% than previous quarter
Year 2022 Quarter 3: Earning Per Share -5.63 (USD).Trend:Increase 87.67% than previous quarter

Overall: decreasing (357.72%). Fluctuation: **Significant** (high variation).



Review of Q1-Q3 2022 financial statements indicates significant volatility across multiple metrics.  A notable decline is observed in both liabilities on revenue (-62.5%) and current assets on revenue (-73.41%).  Conversely,  the ratio of retained earnings to revenue shows improvement (-58.01%).  However,  a substantial decrease in retained earnings on assets (-37.39%) and a dramatic fall in earnings per share (-357.72%) raise serious concerns.  Further investigation into the drivers of these fluctuations is warranted.