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 analysis for Q1-Q3 2022 reveals significant volatility in key financial metrics. Working capital efficiency is marked by significant fluctuations, both for liabilities and current assets.  Cost efficiency, as indicated by the SG&A expense ratio, exhibits a steady decrease.  Investment efficiency (retained earnings on assets) shows a consistent yet significant downward trend. Earnings per share show high volatility across the three quarters.