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 143.98 (%).Trend:Increase 19.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.36 (%).Trend:Decrease 32.38% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 65.59 (%).Trend:Decrease 32.63% than previous quarter

Overall: decreasing (-54.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 106.71 (%).Trend:Increase 150.79% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 63.41 (%).Trend:Decrease 40.58% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 45.03 (%).Trend:Decrease 28.99% than previous quarter

Overall: decreasing (-57.8%). 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 -50.23 (%).Trend:Decrease 93.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.04 (%).Trend:Decrease 28.25% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -15.42 (%).Trend:Decrease 57.21% than previous quarter

Overall: increasing (-69.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.11 (%).Trend:Decrease 43.17% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Decrease 5.04% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.08 (%).Trend:Decrease 4.45% than previous quarter

Overall: decreasing (-9.27%). 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 -6.82 (%).Trend:Decrease 95.56% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.12 (%).Trend:Increase 48.39% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.73 (%).Trend:Decrease 33.5% than previous quarter

Overall: increasing (-1.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.13 (USD).Trend:Decrease 97.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.46 (USD).Trend:Increase 117.7% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.23 (USD).Trend:Decrease 50.0% than previous quarter

Overall: decreasing (8.85%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 through Q3 2021 show a concerning trend.  Working capital efficiency is declining significantly, with both liabilities and current assets on revenue decreasing.  Cost efficiency exhibits substantial variation in the ratio of retained earnings to revenue, with a negative trend despite a stable, mildly decreasing SG&A expense ratio.  Investment efficiency, as indicated by retained earnings on assets, is also volatile and declining.  Earnings per share demonstrate a consistent decline with high variation.