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 88.69 (%).Trend:Increase 201.15% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.59 (%).Trend:Decrease 49.72% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.58 (%).Trend:Decrease 33.66% than previous quarter

Overall: decreasing (-66.65%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 225.51 (%).Trend:Increase 182.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 110.87 (%).Trend:Decrease 50.84% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 71.1 (%).Trend:Decrease 35.87% than previous quarter

Overall: decreasing (-68.47%). 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 -790.4 (%).Trend:Increase 221.82% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -372.28 (%).Trend:Decrease 52.9% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -224.13 (%).Trend:Decrease 39.8% than previous quarter

Overall: increasing (-71.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 62.5 (%).Trend:Increase 18.13% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 62.47 (%).Trend:Decrease 0.05% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 60.47 (%).Trend:Decrease 3.2% than previous quarter

Overall: decreasing (-3.25%). 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 -110.38 (%).Trend:Decrease 1.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -107.64 (%).Trend:Decrease 2.48% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -105.07 (%).Trend:Decrease 2.39% than previous quarter

Overall: increasing (-4.81%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.04 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.13 (USD).Trend:Increase 225.0% than previous quarter

Overall: increasing (333.33%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2021 shows significant volatility.  Liabilities and current assets on revenue decreased considerably.  The ratio of retained earnings to revenue displays substantial volatility. Selling, general, and administrative (SG&A) expenses trend downward.  Investment efficiency shows a slight increase in retained earnings on assets.  Earning per share, however, has substantial growth.