Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2022 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 310.3 (%).Trend:Increase 161.48% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 172.0 (%).Trend:Decrease 44.57% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 118.07 (%).Trend:Decrease 31.35% than previous quarter

Overall: decreasing (-61.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 804.9 (%).Trend:Increase 124.66% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 409.23 (%).Trend:Decrease 49.16% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 264.86 (%).Trend:Decrease 35.28% than previous quarter

Overall: decreasing (-67.09%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2022 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -300.37 (%).Trend:Increase 174.66% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -163.11 (%).Trend:Decrease 45.7% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -115.7 (%).Trend:Decrease 29.07% than previous quarter

Overall: increasing (-61.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2022 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets -30.49 (%).Trend:Increase 20.8% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -32.73 (%).Trend:Increase 7.35% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -35.42 (%).Trend:Increase 8.22% than previous quarter

Overall: decreasing (16.17%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.65 (USD).Trend:Increase 0% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.37 (USD).Trend:Increase 110.77% than previous quarter
Year 2022 Quarter 3: Earning Per Share -2.08 (USD).Trend:Increase 51.82% than previous quarter

Overall: decreasing (220.0%). Fluctuation: **Significant** (high variation).



The financial performance from Q1 2021 to Q3 2022 demonstrates considerable volatility. Working capital metrics show declines: Liabilities on Revenue decreased (-61.95%) and Current Assets on Revenue fell (-67.09%), both with significant fluctuations. The Ratio of Retained Earnings to Revenue increased (-61.48%) but with substantial variation. Investment efficiency, as indicated by Retained Earning on Assets, decreased (-16.17%) with significant fluctuation. Earnings Per Share experienced a substantial decline (-220.0%) and high volatility. These trends suggest underlying operational or market challenges impacting the company’s financial stability.