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 379.48 (%).Trend:Increase 192.31% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 317.22 (%).Trend:Decrease 16.41% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 183.04 (%).Trend:Decrease 42.3% than previous quarter

Overall: decreasing (-51.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 2892.66 (%).Trend:Increase 294.3% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1343.3 (%).Trend:Decrease 53.56% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 814.79 (%).Trend:Decrease 39.34% than previous quarter

Overall: decreasing (-71.83%). 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 -3099.42 (%).Trend:Increase 232.07% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1699.6 (%).Trend:Decrease 45.16% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1384.59 (%).Trend:Decrease 18.53% than previous quarter

Overall: increasing (-55.33%). 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 -96.68 (%).Trend:Decrease 12.89% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -109.23 (%).Trend:Increase 12.98% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -141.73 (%).Trend:Increase 29.75% than previous quarter

Overall: decreasing (46.6%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 to Q3 2021 underscores a pattern of highly volatile financial performance across key metrics.  Both liabilities and current assets on revenue declined during this period, showing considerable fluctuation.  Cost efficiency metrics, specifically the ratio of retained earnings to revenue, exhibited an increase but with significant quarter-to-quarter variability. Investment efficiency, as measured by retained earnings on assets, displayed a clear downward trend with considerable quarter-to-quarter variations.