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 87.04 (%).Trend:Increase 201.18% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 56.9 (%).Trend:Decrease 34.63% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 43.25 (%).Trend:Decrease 23.99% than previous quarter

Overall: decreasing (-50.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 520.4 (%).Trend:Increase 215.01% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 266.67 (%).Trend:Decrease 48.76% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 171.98 (%).Trend:Decrease 35.51% than previous quarter

Overall: decreasing (-66.95%). 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 -227.17 (%).Trend:Increase 164.8% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -121.43 (%).Trend:Decrease 46.55% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -77.81 (%).Trend:Decrease 35.92% than previous quarter

Overall: increasing (-65.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -27.12 (%).Trend:Decrease 20.12% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -28.2 (%).Trend:Increase 3.98% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -27.76 (%).Trend:Decrease 1.56% than previous quarter

Overall: decreasing (2.36%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 to Q3 2022 shows highly variable performance. Liabilities on revenue declined by 50.31%, and current assets decreased significantly (66.95%). Cost efficiency (ratio of retained earnings to revenue) decreased by a substantial margin (-65.75%). Investment efficiency, measured by retained earnings on assets, decreased slightly by 2.36%. This period shows significant volatility in all financial performance indicators.