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 71.71 (%).Trend:Increase 209.5% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 33.32 (%).Trend:Decrease 53.54% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 20.64 (%).Trend:Decrease 38.06% than previous quarter

Overall: decreasing (-71.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 169.68 (%).Trend:Increase 200.27% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 81.57 (%).Trend:Decrease 51.93% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 53.61 (%).Trend:Decrease 34.28% than previous quarter

Overall: decreasing (-68.41%). 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 -173.66 (%).Trend:Increase 190.45% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -91.14 (%).Trend:Decrease 47.52% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -61.25 (%).Trend:Decrease 32.8% than previous quarter

Overall: increasing (-64.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.51 (%).Trend:Decrease 4.37% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.15 (%).Trend:Increase 6.09% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.1 (%).Trend:Decrease 9.42% than previous quarter

Overall: decreasing (-3.9%). Fluctuation: **Little** (low 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 -37.33 (%).Trend:Increase 1.11% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -40.3 (%).Trend:Increase 7.96% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -41.82 (%).Trend:Increase 3.77% than previous quarter

Overall: decreasing (12.03%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q1 to Q3 2022 financial data reveals a significant decreasing trend in working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue), all with considerable quarter-to-quarter fluctuations.   The SG&A expense ratio shows a slightly decreasing trend with minor variability.  Investment efficiency (retained earnings on assets) also exhibits a consistently decreasing trend, with significant volatility.  The high degree of fluctuation in key financial indicators necessitates further investigation to determine the underlying causes and potential risks.