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 86.92 (%).Trend:Increase 148.2% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 50.15 (%).Trend:Decrease 42.3% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 34.39 (%).Trend:Decrease 31.43% than previous quarter

Overall: decreasing (-60.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 127.07 (%).Trend:Increase 285.29% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 57.77 (%).Trend:Decrease 54.54% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 49.02 (%).Trend:Decrease 15.15% than previous quarter

Overall: decreasing (-61.42%). 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 -29.28 (%).Trend:Increase 358.93% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -14.84 (%).Trend:Decrease 49.32% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -10.39 (%).Trend:Decrease 29.99% than previous quarter

Overall: increasing (-64.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.11 (%).Trend:Increase 38.47% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.31 (%).Trend:Decrease 19.84% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.79 (%).Trend:Decrease 4.6% than previous quarter

Overall: decreasing (-23.53%). Fluctuation: **Neutral** (moderate 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 -10.39 (%).Trend:Increase 20.25% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -12.56 (%).Trend:Increase 20.89% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -12.18 (%).Trend:Decrease 3.03% than previous quarter

Overall: decreasing (17.23%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.15 (USD).Trend:Decrease 287.5% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.54 (USD).Trend:Increase 260.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.74 (USD).Trend:Increase 37.04% than previous quarter

Overall: decreasing (393.33%). Fluctuation: **Significant** (high variation).



The data from Q1 2022 to Q3 2022 indicates a period of declining financial performance. Both Liabilities on Revenue and Current Assets on Revenue decreased significantly, though with substantial fluctuation. The Ratio of Retained Earnings to Revenue increased, but remained negative, with significant fluctuation. SG&A Expense Ratio decreased moderately with neutral fluctuation. Retained Earning on Assets continued to decrease with significant fluctuation. Most notably, Earnings Per Share experienced a dramatic decline (-393.33%) with significant fluctuation. The consistent “Significant” fluctuation rating across most metrics suggests ongoing instability.