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 191.44 (%).Trend:Increase 210.68% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 86.91 (%).Trend:Decrease 54.6% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 57.86 (%).Trend:Decrease 33.43% than previous quarter

Overall: decreasing (-69.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 304.01 (%).Trend:Increase 158.78% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 132.74 (%).Trend:Decrease 56.34% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 76.13 (%).Trend:Decrease 42.65% than previous quarter

Overall: decreasing (-74.96%). 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 249.93 (%).Trend:Increase 142.91% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue 110.16 (%).Trend:Decrease 55.92% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue 71.04 (%).Trend:Decrease 35.51% than previous quarter

Overall: decreasing (-71.58%). 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 27.41 (%).Trend:Decrease 10.75% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets 26.23 (%).Trend:Decrease 4.3% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets 25.33 (%).Trend:Decrease 3.43% than previous quarter

Overall: decreasing (-7.59%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -0.44 (USD).Trend:Decrease 105.38% than previous quarter
Year 2022 Quarter 2: Earning Per Share -0.2 (USD).Trend:Decrease 54.55% than previous quarter
Year 2022 Quarter 3: Earning Per Share -2.78 (USD).Trend:Increase 1290.0% than previous quarter

Overall: decreasing (531.82%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2022 reveals mostly negative trends with large variations. Liabilities on revenue, current assets on revenue, and the retained earnings to revenue ratio all declined, highlighting significant instability. Investment efficiency showed a modest decline, while earnings per share remained consistently negative and highly volatile.