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 268.94 (%).Trend:Increase 93.19% than previous quarter
Year 2022 Quarter 2: Liabilities on Revenue 127.97 (%).Trend:Decrease 52.42% than previous quarter
Year 2022 Quarter 3: Liabilities on Revenue 87.76 (%).Trend:Decrease 31.42% than previous quarter

Overall: decreasing (-67.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2022 Quarter 1: Current assets on Revenue 99.8 (%).Trend:Decrease 29.74% than previous quarter
Year 2022 Quarter 2: Current assets on Revenue 46.34 (%).Trend:Decrease 53.57% than previous quarter
Year 2022 Quarter 3: Current assets on Revenue 36.01 (%).Trend:Decrease 22.29% than previous quarter

Overall: decreasing (-63.92%). 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 -78.23 (%).Trend:Increase 6.35% than previous quarter
Year 2022 Quarter 2: Ratio of Retained Earnings to Revenue -42.16 (%).Trend:Decrease 46.11% than previous quarter
Year 2022 Quarter 3: Ratio of Retained Earnings to Revenue -35.56 (%).Trend:Decrease 15.65% than previous quarter

Overall: increasing (-54.54%). 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 -6.12 (%).Trend:Increase 15.47% than previous quarter
Year 2022 Quarter 2: Retained Earning on Assets -6.85 (%).Trend:Increase 11.93% than previous quarter
Year 2022 Quarter 3: Retained Earning on Assets -8.67 (%).Trend:Increase 26.57% than previous quarter

Overall: decreasing (41.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2022 Quarter 1: Earning Per Share -1.45 (USD).Trend:Increase 70.59% than previous quarter
Year 2022 Quarter 2: Earning Per Share -1.95 (USD).Trend:Increase 34.48% than previous quarter
Year 2022 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 53.85% than previous quarter

Overall: decreasing (106.9%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2022 to Q3 2022 indicates a consistent decline in working capital efficiency. Liabilities on revenue decreased from Q1 to Q3, but with substantial fluctuation between quarters.  Current assets on revenue showed a similar, substantial, and volatile downward trend.  The ratio of retained earnings to revenue, while showing a positive trend overall, experienced significant variation.  Retained earnings on assets continued a downward trend with slight positive changes in the later periods. Earnings per share consistently declined across the period analyzed.  The high degree of instability in the reported figures requires further investigation.