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 143.91 (%).Trend:Increase 359.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 73.38 (%).Trend:Decrease 49.01% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 40.69 (%).Trend:Decrease 44.55% than previous quarter

Overall: decreasing (-71.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 120.54 (%).Trend:Increase 110.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 58.51 (%).Trend:Decrease 51.46% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 37.52 (%).Trend:Decrease 35.87% than previous quarter

Overall: decreasing (-68.87%). 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 -117.3 (%).Trend:Increase 306.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -61.51 (%).Trend:Decrease 47.56% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -36.97 (%).Trend:Decrease 39.9% than previous quarter

Overall: increasing (-68.48%). 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 -12.06 (%).Trend:Increase 98.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -12.89 (%).Trend:Increase 6.88% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -12.33 (%).Trend:Decrease 4.34% than previous quarter

Overall: decreasing (2.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 89.2% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.43 (USD).Trend:Increase 59.26% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.3 (USD).Trend:Decrease 30.23% than previous quarter

Overall: decreasing (11.11%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 reveals significant volatility in financial metrics. Liabilities on revenue increased dramatically in Q1, followed by substantial decreases in Q2 and Q3. Current assets on revenue exhibit a similar pattern. Cost efficiency, measured by the retained earnings to revenue ratio, exhibits a negative trend with considerable fluctuation. Invest efficiency, based on retained earnings on assets, also displays a consistent decreasing trend with significant variation. Earnings per share show a consistent negative trend with considerable variability.