Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 80.74 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.92 (%).Trend:Decrease 55.51% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 25.01 (%).Trend:Decrease 30.37% than previous quarter

Overall: decreasing (-69.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 231.35 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 94.62 (%).Trend:Decrease 59.1% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 58.88 (%).Trend:Decrease 37.77% than previous quarter

Overall: decreasing (-74.55%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1128.81 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -512.76 (%).Trend:Decrease 54.58% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -324.43 (%).Trend:Decrease 36.73% than previous quarter

Overall: increasing (-71.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets -179.47 (%).Trend:Increase 11.09% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -196.79 (%).Trend:Increase 9.65% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -205.42 (%).Trend:Increase 4.39% than previous quarter

Overall: decreasing (14.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.28 (USD).Trend:Decrease 97.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.09 (USD).Trend:Increase 289.29% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.61 (USD).Trend:Increase 47.71% than previous quarter

Overall: decreasing (475.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 show a clear pattern of worsening financial health.  Working capital efficiency, measured by decreasing liabilities and current assets on revenue (-69.02% and -74.55% respectively), indicates potential liquidity problems.  Cost efficiency, as reflected by the ratio of retained earnings to revenue, is also declining significantly (-71.26%),  pointing to issues with earnings management.  Investment efficiency (retained earnings on assets) is decreasing (14.46%), though less drastically than other metrics. Finally, earnings per share are severely decreasing (-475.0%), highlighting significant financial instability.  These trends underscore the need for urgent review and corrective actions.