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 1069.88 (%).Trend:Increase 137.45% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 561.86 (%).Trend:Decrease 47.48% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 505.68 (%).Trend:Decrease 10.0% than previous quarter

Overall: decreasing (-52.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 759.64 (%).Trend:Increase 151.5% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 387.39 (%).Trend:Decrease 49.0% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 231.31 (%).Trend:Decrease 40.29% than previous quarter

Overall: decreasing (-69.55%). 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 -6006.63 (%).Trend:Increase 179.81% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -3059.46 (%).Trend:Decrease 49.07% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -2036.2 (%).Trend:Decrease 33.45% than previous quarter

Overall: increasing (-66.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2022 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 109.04 (%).Trend:Decrease 3.83% than previous quarter
Year 2022 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 111.41 (%).Trend:Increase 2.17% than previous quarter
Year 2022 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 109.2 (%).Trend:Decrease 1.98% than previous quarter

Overall: increasing (0.15%). 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 -25.53 (%).Trend:Increase 5.19% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -26.11 (%).Trend:Increase 2.27% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -26.77 (%).Trend:Increase 2.53% than previous quarter

Overall: decreasing (4.86%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 2022 to Q3 2022 reveals significant fluctuations. Working capital efficiency shows a substantial drop in liabilities and current assets on revenue, with significant volatility quarter-to-quarter. Cost efficiency exhibits a noticeable decrease in the retained earnings to revenue ratio, indicating substantial quarter-to-quarter variation. SG&A expense ratio demonstrates little fluctuation, mostly decreasing. Investment efficiency shows a continued negative trend in retained earnings on assets, but with a high variation.