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 609.53 (%).Trend:Increase 197.81% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 296.69 (%).Trend:Decrease 51.32% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 160.15 (%).Trend:Decrease 46.02% than previous quarter

Overall: decreasing (-73.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 730.4 (%).Trend:Increase 191.74% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 360.93 (%).Trend:Decrease 50.58% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 197.9 (%).Trend:Decrease 45.17% than previous quarter

Overall: decreasing (-72.91%). 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 -737.77 (%).Trend:Increase 210.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -337.8 (%).Trend:Decrease 54.21% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -170.33 (%).Trend:Decrease 49.58% than previous quarter

Overall: increasing (-76.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.75 (%).Trend:Decrease 11.09% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.56 (%).Trend:Decrease 8.07% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.94 (%).Trend:Decrease 11.95% than previous quarter

Overall: decreasing (-19.05%). 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 -84.8 (%).Trend:Increase 8.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -79.62 (%).Trend:Decrease 6.11% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -73.17 (%).Trend:Decrease 8.1% than previous quarter

Overall: increasing (-13.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 105.3% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.66 (USD).Trend:Decrease 488.24% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.75 (USD).Trend:Increase 468.18% than previous quarter

Overall: increasing (-2305.88%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2021 to Q3 2021 exhibits significant fluctuations in key metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, is decreasing overall. Cost efficiency, represented by the ratio of retained earnings to revenue, shows an increasing but volatile trend. SG&A expense ratio is consistently decreasing. Investment efficiency, measured by retained earnings on assets, also fluctuates considerably.  Earnings per share show significant volatility, starting negative in Q1 then improving substantially to Q3.