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 46.33 (%).Trend:Increase 184.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 25.01 (%).Trend:Decrease 46.02% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 15.49 (%).Trend:Decrease 38.06% than previous quarter

Overall: decreasing (-66.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 142.36 (%).Trend:Increase 169.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 62.51 (%).Trend:Decrease 56.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 38.44 (%).Trend:Decrease 38.51% than previous quarter

Overall: decreasing (-73.0%). 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 8.78 (%).Trend:Decrease 8.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.66 (%).Trend:Decrease 58.31% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 2.46 (%).Trend:Decrease 32.79% than previous quarter

Overall: decreasing (-71.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.64 (%).Trend:Decrease 6.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.26 (%).Trend:Decrease 15.29% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.74 (%).Trend:Decrease 6.27% than previous quarter

Overall: decreasing (-20.6%). Fluctuation: **Neutral** (moderate 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 2.56 (%).Trend:Decrease 66.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.54 (%).Trend:Decrease 0.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 2.83 (%).Trend:Increase 11.42% than previous quarter

Overall: increasing (10.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.49 (USD).Trend:Decrease 64.75% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.46 (USD).Trend:Decrease 6.12% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.36 (USD).Trend:Decrease 21.74% than previous quarter

Overall: increasing (-26.53%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 reveal a largely negative trend. Liabilities on revenue decreased from Q1 to Q3, but with significant volatility.  Similarly, current assets on revenue exhibit a significant decreasing trend.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a substantial downward trend across the quarters, also with high variability.  The SG&A expense ratio consistently decreased, with moderate fluctuation. Investment efficiency saw a modest increase in retained earnings on assets in Q3, while earnings per share remained negative and fluctuating.