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 38.84 (%).Trend:Increase 197.62% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 18.14 (%).Trend:Decrease 53.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 12.41 (%).Trend:Decrease 31.59% than previous quarter

Overall: decreasing (-68.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 51.94 (%).Trend:Increase 168.01% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 24.79 (%).Trend:Decrease 52.27% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 16.83 (%).Trend:Decrease 32.11% than previous quarter

Overall: decreasing (-67.6%). 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 9.82 (%).Trend:Increase 196.68% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 4.97 (%).Trend:Decrease 49.39% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 3.63 (%).Trend:Decrease 26.96% than previous quarter

Overall: decreasing (-63.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.89 (%).Trend:Increase 4.42% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.4 (%).Trend:Decrease 3.29% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.25 (%).Trend:Decrease 1.04% than previous quarter

Overall: decreasing (-4.3%). 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 5.91 (%).Trend:Increase 7.26% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 6.35 (%).Trend:Increase 7.45% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 7.0 (%).Trend:Increase 10.24% than previous quarter

Overall: increasing (18.44%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.07 (USD).Trend:Decrease 125.0% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.2 (USD).Trend:Decrease 385.71% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.65 (USD).Trend:Increase 225.0% than previous quarter

Overall: increasing (-1028.57%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2022 to Q3 2022 reveal a concerning picture.  Working capital efficiency (liabilities and current assets on revenue) displays sharp declines and substantial fluctuations.  Cost efficiency (ratio of retained earnings to revenue) also shows a considerable downward trend and significant variation. The SG&A expense ratio, however, shows a relatively stable and decreasing trend.  Investment efficiency (retained earnings on assets) shows a stable upward trend. Earnings per share show extreme volatility.