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 119.83 (%).Trend:Increase 175.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 61.08 (%).Trend:Decrease 49.03% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 40.83 (%).Trend:Decrease 33.15% than previous quarter

Overall: decreasing (-65.93%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 90.17 (%).Trend:Increase 231.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 47.54 (%).Trend:Decrease 47.28% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 32.14 (%).Trend:Decrease 32.39% than previous quarter

Overall: decreasing (-64.36%). 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 -399.43 (%).Trend:Increase 152.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -195.19 (%).Trend:Decrease 51.13% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -126.29 (%).Trend:Decrease 35.3% than previous quarter

Overall: increasing (-68.38%). 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 -67.29 (%).Trend:Decrease 5.62% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -65.56 (%).Trend:Decrease 2.57% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -64.13 (%).Trend:Decrease 2.18% than previous quarter

Overall: increasing (-4.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.02 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.05 (USD).Trend:Increase 150.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.09 (USD).Trend:Increase 80.0% than previous quarter

Overall: increasing (350.0%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2021 to Q3 2021 shows significant volatility in key financial metrics.  Liabilities and current assets on revenue both decreased substantially.  Despite fluctuations, the Ratio of Retained Earnings to Revenue and Retained Earnings on Assets showed improvement.  A noteworthy finding is the 350% increase in Earnings Per Share, warranting further investigation into the underlying causes.