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 67.59 (%).Trend:Increase 351.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 27.76 (%).Trend:Decrease 58.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.41 (%).Trend:Decrease 26.48% than previous quarter

Overall: decreasing (-69.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 1224.98 (%).Trend:Increase 855.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 490.73 (%).Trend:Decrease 59.94% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 316.77 (%).Trend:Decrease 35.45% than previous quarter

Overall: decreasing (-74.14%). 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 -205.37 (%).Trend:Increase 268.71% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -93.86 (%).Trend:Decrease 54.3% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -81.48 (%).Trend:Decrease 13.19% than previous quarter

Overall: increasing (-60.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.01 (%).Trend:Increase 15.34% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.87 (%).Trend:Decrease 5.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.45 (%).Trend:Increase 16.47% than previous quarter

Overall: increasing (9.55%). Fluctuation: **Little** (low 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 -15.05 (%).Trend:Decrease 56.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -16.49 (%).Trend:Increase 9.57% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -20.71 (%).Trend:Increase 25.59% than previous quarter

Overall: decreasing (37.61%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.43 (USD).Trend:Decrease 4.44% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.74 (USD).Trend:Increase 72.09% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.61 (USD).Trend:Increase 117.57% than previous quarter

Overall: decreasing (274.42%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2021 highlight significant fluctuations in key financial metrics. Liabilities and current assets on revenue decreased sharply. Cost efficiency exhibits a consistent downward trend in the retained earnings ratio, but the SG&A expense ratio demonstrates more stability.  Investment efficiency and earnings per share decreased with considerable variation. Overall, the financial performance appears unstable and warrants further investigation.