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 46.33 (%).Trend:Increase 184.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 25.01 (%).Trend:Decrease 46.02% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 15.49 (%).Trend:Decrease 38.06% than previous quarter

Overall: decreasing (-66.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 142.36 (%).Trend:Increase 169.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 62.51 (%).Trend:Decrease 56.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 38.44 (%).Trend:Decrease 38.51% than previous quarter

Overall: decreasing (-73.0%). 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 8.78 (%).Trend:Decrease 8.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.66 (%).Trend:Decrease 58.31% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 2.46 (%).Trend:Decrease 32.79% than previous quarter

Overall: decreasing (-71.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.64 (%).Trend:Decrease 6.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.26 (%).Trend:Decrease 15.29% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.74 (%).Trend:Decrease 6.27% than previous quarter

Overall: decreasing (-20.6%). Fluctuation: **Neutral** (moderate variation).


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 2.56 (%).Trend:Decrease 66.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.54 (%).Trend:Decrease 0.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 2.83 (%).Trend:Increase 11.42% than previous quarter

Overall: increasing (10.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.49 (USD).Trend:Decrease 64.75% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.46 (USD).Trend:Decrease 6.12% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.36 (USD).Trend:Decrease 21.74% than previous quarter

Overall: increasing (-26.53%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 display significant fluctuations in working capital efficiency. Liabilities and current assets on revenue decreased substantially, exhibiting volatility. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a considerable downward trend.  The SG&A expense ratio shows a consistent decrease, demonstrating moderate fluctuation. Investment efficiency shows a slight increase in retained earnings on assets during Q3, while earnings per share remain negative and fluctuate substantially.