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 85.79 (%).Trend:Increase 186.44% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 40.45 (%).Trend:Decrease 52.85% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 29.29 (%).Trend:Decrease 27.59% than previous quarter

Overall: decreasing (-65.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 75.17 (%).Trend:Increase 204.7% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 32.57 (%).Trend:Decrease 56.67% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 22.72 (%).Trend:Decrease 30.24% than previous quarter

Overall: decreasing (-69.78%). 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 -123.57 (%).Trend:Increase 227.34% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -65.35 (%).Trend:Decrease 47.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -46.61 (%).Trend:Decrease 28.68% than previous quarter

Overall: increasing (-62.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.65 (%).Trend:Increase 8.29% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.04 (%).Trend:Increase 1.32% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.9 (%).Trend:Decrease 0.47% than previous quarter

Overall: increasing (0.84%). 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 -33.21 (%).Trend:Increase 7.51% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -36.86 (%).Trend:Increase 10.99% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -41.59 (%).Trend:Increase 12.83% than previous quarter

Overall: decreasing (25.23%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 97.62% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.41 (USD).Trend:Increase 1950.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.81 (USD).Trend:Increase 97.56% than previous quarter

Overall: decreasing (3950.0%). Fluctuation: **Significant** (high variation).



The financial data reveals significant fluctuations across various key performance indicators (KPIs) over the three-quarter period. Working capital efficiency is volatile, with liabilities and current assets on revenue showing considerable decreases in the first half of 2022 before increasing sharply in Q1 2023. Cost efficiency shows a slight uptrend in the SG&A expense ratio, though the ratio of retained earnings to revenue shows much more significant fluctuation. Investment efficiency demonstrates a sustained negative trend in retained earnings on assets.  Earnings per share are consistently negative and highly variable across the period.  The analysis highlights considerable instability in the company's financial performance.