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 305.85 (%).Trend:Increase 68.95% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 122.86 (%).Trend:Decrease 59.83% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 69.54 (%).Trend:Decrease 43.4% than previous quarter

Overall: decreasing (-77.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 121.69 (%).Trend:Increase 45.44% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 69.82 (%).Trend:Decrease 42.62% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 40.88 (%).Trend:Decrease 41.45% than previous quarter

Overall: decreasing (-66.41%). 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 -69.38 (%).Trend:Increase 45.12% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -15.04 (%).Trend:Decrease 78.32% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -3.14 (%).Trend:Decrease 79.12% than previous quarter

Overall: increasing (-95.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.78 (%).Trend:Decrease 22.99% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.19 (%).Trend:Decrease 21.22% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.05 (%).Trend:Decrease 6.39% than previous quarter

Overall: decreasing (-26.26%). 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 -7.91 (%).Trend:Decrease 4.7% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -3.89 (%).Trend:Decrease 50.82% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -1.33 (%).Trend:Decrease 65.81% than previous quarter

Overall: increasing (-83.19%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2022 to Q3 2022 indicates significant fluctuations in key financial metrics. Liabilities on revenue and current assets on revenue both show a substantial decrease, with substantial volatility throughout the period.  The ratio of retained earnings to revenue is heavily negative and highly variable. SG&A expense ratio is steadily decreasing. Investment efficiency, represented by retained earnings on assets, is showing negative trends with significant changes.