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 127.84 (%).Trend:Increase 176.47% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 66.29 (%).Trend:Decrease 48.15% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 43.51 (%).Trend:Decrease 34.36% than previous quarter

Overall: decreasing (-65.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 319.7 (%).Trend:Increase 159.37% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 155.51 (%).Trend:Decrease 51.36% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 100.29 (%).Trend:Decrease 35.51% than previous quarter

Overall: decreasing (-68.63%). 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 -143.15 (%).Trend:Increase 174.97% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -66.14 (%).Trend:Decrease 53.8% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -41.71 (%).Trend:Decrease 36.94% than previous quarter

Overall: increasing (-70.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.18 (%).Trend:Decrease 11.95% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.53 (%).Trend:Decrease 4.28% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.28 (%).Trend:Increase 5.16% than previous quarter

Overall: increasing (0.66%). 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 -23.2 (%).Trend:Increase 6.42% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -22.33 (%).Trend:Decrease 3.75% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -22.07 (%).Trend:Decrease 1.16% than previous quarter

Overall: increasing (-4.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 75.93% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.05 (USD).Trend:Decrease 138.46% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.13 (USD).Trend:Increase 160.0% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2022 to Q3 2022 demonstrates significant volatility. Liabilities on revenue and current assets on revenue both declined over the period, signaling potential improvement in working capital management. Cost efficiency, as measured by the ratio of retained earnings to revenue, showed an overall decline with high fluctuation.  SG&A expense ratios showed modest fluctuation, but retained earnings on assets and earnings per share varied considerably across the three quarters.