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 88.74 (%).Trend:Increase 310.26% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 33.31 (%).Trend:Decrease 62.46% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 25.62 (%).Trend:Decrease 23.09% than previous quarter

Overall: decreasing (-71.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 438.27 (%).Trend:Increase 323.94% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 163.55 (%).Trend:Decrease 62.68% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 118.49 (%).Trend:Decrease 27.55% than previous quarter

Overall: decreasing (-72.96%). 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 504.47 (%).Trend:Increase 329.41% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 185.76 (%).Trend:Decrease 63.18% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 120.05 (%).Trend:Decrease 35.37% than previous quarter

Overall: decreasing (-76.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.08 (%).Trend:Increase 81.03% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.92 (%).Trend:Decrease 23.05% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.68 (%).Trend:Increase 11.08% than previous quarter

Overall: decreasing (-14.52%). 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 43.67 (%).Trend:Decrease 2.74% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 44.14 (%).Trend:Increase 1.08% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 40.52 (%).Trend:Decrease 8.2% than previous quarter

Overall: decreasing (-7.21%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.52 (USD).Trend:Decrease 22.39% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.64 (USD).Trend:Increase 23.08% than previous quarter
Year 2022 Quarter 3: Earning Per Share -1.14 (USD).Trend:Increase 78.12% than previous quarter

Overall: decreasing (119.23%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2022 to Q3 2022 illustrate significant downward trends in working capital, cost, and investment efficiency. Liabilities and current assets on revenue, retained earnings on revenue, and earnings per share all decrease significantly over the period.  A less dramatic, but still negative, trend is noted in the SG&A expense ratio. Investment efficiency, however, shows a more stable, albeit negative, trend.