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 377.82 (%).Trend:Increase 362.05% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 161.13 (%).Trend:Decrease 57.35% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 115.79 (%).Trend:Decrease 28.14% than previous quarter

Overall: decreasing (-69.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 332.1 (%).Trend:Increase 339.93% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 133.93 (%).Trend:Decrease 59.67% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 89.43 (%).Trend:Decrease 33.23% than previous quarter

Overall: decreasing (-73.07%). 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 -777.28 (%).Trend:Increase 388.58% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -418.53 (%).Trend:Decrease 46.15% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -296.98 (%).Trend:Decrease 29.04% than previous quarter

Overall: increasing (-61.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 82.45 (%).Trend:Increase 59.48% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 81.67 (%).Trend:Decrease 0.95% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 81.96 (%).Trend:Increase 0.36% than previous quarter

Overall: decreasing (-0.59%). 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 -111.46 (%).Trend:Increase 2.44% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -139.99 (%).Trend:Increase 25.6% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -150.64 (%).Trend:Increase 7.61% than previous quarter

Overall: decreasing (35.15%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -1.17 (USD).Trend:Decrease 138.36% than previous quarter
Year 2022 Quarter 2: Earning Per Share -4.21 (USD).Trend:Increase 259.83% than previous quarter
Year 2022 Quarter 3: Earning Per Share -6.06 (USD).Trend:Increase 43.94% than previous quarter

Overall: decreasing (417.95%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 to Q3 2022 shows significant volatility in working capital efficiency. Liabilities on revenue decreased from Q1 to Q3, while current assets experienced a similar decline. Cost efficiency, indicated by the retained earnings ratio, fluctuates considerably. SG&A expense ratio is trending slightly downward.  Investment efficiency continues a downward trend with significant variations. Earning per share shows a large decrease overall and high fluctuations.