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 92.93 (%).Trend:Increase 231.77% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 46.57 (%).Trend:Decrease 49.89% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 31.37 (%).Trend:Decrease 32.64% than previous quarter

Overall: decreasing (-66.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 151.39 (%).Trend:Increase 91.22% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 75.67 (%).Trend:Decrease 50.02% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 50.92 (%).Trend:Decrease 32.71% than previous quarter

Overall: decreasing (-66.37%). 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 -17.34 (%).Trend:Increase 94.61% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -6.86 (%).Trend:Decrease 60.44% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -3.83 (%).Trend:Decrease 44.17% than previous quarter

Overall: increasing (-77.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.04 (%).Trend:Increase 27.21% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.33 (%).Trend:Decrease 6.57% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.44 (%).Trend:Decrease 3.66% than previous quarter

Overall: decreasing (-9.98%). 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 -3.13 (%).Trend:Decrease 40.61% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -2.66 (%).Trend:Decrease 15.02% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -2.34 (%).Trend:Decrease 12.03% than previous quarter

Overall: increasing (-25.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 157.14% than previous quarter
Year 2022 Quarter 2: Earning Per Share 0.01 (USD).Trend:Decrease 112.5% than previous quarter
Year 2022 Quarter 3: Earning Per Share 0.06 (USD).Trend:Increase 500.0% than previous quarter

Overall: increasing (-175.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2022 to Q3 2022 show significant fluctuations in working capital efficiency. Liabilities on revenue and current assets on revenue decreased significantly, with substantial quarter-to-quarter variation. Cost efficiency, however, reveals a stable decrease in SG&A expense ratio, while the ratio of retained earnings to revenue shows substantial increases and decreases.  Investment efficiency, as measured by retained earnings on assets, also exhibits significant fluctuation. Earnings per share show significant growth and decline, with a large variance between quarters.