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 165.99 (%).Trend:Increase 227.07% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 79.67 (%).Trend:Decrease 52.0% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 53.18 (%).Trend:Decrease 33.25% than previous quarter

Overall: decreasing (-67.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 273.67 (%).Trend:Increase 208.4% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 132.88 (%).Trend:Decrease 51.45% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 90.3 (%).Trend:Decrease 32.04% than previous quarter

Overall: decreasing (-67.0%). 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 -491.45 (%).Trend:Increase 202.54% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -246.98 (%).Trend:Decrease 49.74% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -159.39 (%).Trend:Decrease 35.46% than previous quarter

Overall: increasing (-67.57%). 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 -111.36 (%).Trend:Increase 2.56% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -117.18 (%).Trend:Increase 5.23% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -115.56 (%).Trend:Decrease 1.38% than previous quarter

Overall: decreasing (3.77%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 70.15% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.46 (USD).Trend:Increase 130.0% than previous quarter
Year 2022 Quarter 3: Earning Per Share -0.51 (USD).Trend:Increase 10.87% than previous quarter

Overall: decreasing (155.0%). Fluctuation: **Significant** (high variation).



Financial statement analysis for Q1 2022 to Q3 2022 shows decreasing trends in working capital efficiency, with liabilities and current assets on revenue consistently declining.  Cost efficiency, measured by the ratio of retained earnings to revenue, appears to fluctuate within a downward trend. Investment efficiency displays a negative overall trend with significant quarter-to-quarter variations. Earning per share shows a negative overall trend with notable volatility. The high degree of fluctuation suggests a need for immediate attention and corrective action.