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 3725800000.0 (%).Trend:Decrease 9.08% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 3458500000.0 (%).Trend:Decrease 7.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 3998900000.0 (%).Trend:Increase 15.63% than previous quarter

Overall: increasing (7.33%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 10679600000.0 (%).Trend:Decrease 4.12% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 8166600000.0 (%).Trend:Decrease 23.53% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 8266600000.0 (%).Trend:Increase 1.22% than previous quarter

Overall: decreasing (-22.59%). Fluctuation: **Neutral** (moderate 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 11735500000.0 (%).Trend:Decrease 5.47% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 9008800000.0 (%).Trend:Decrease 23.23% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 8282600000.0 (%).Trend:Decrease 8.06% than previous quarter

Overall: decreasing (-29.42%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 315400000.0 (%).Trend:Decrease 69.65% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 700900000.0 (%).Trend:Increase 122.23% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1087600000.0 (%).Trend:Increase 55.17% than previous quarter

Overall: increasing (244.83%). Fluctuation: **Significant** (high 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 28.12 (%).Trend:Decrease 1.13% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 23.25 (%).Trend:Decrease 17.32% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 21.6 (%).Trend:Decrease 7.1% than previous quarter

Overall: decreasing (-23.19%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.09 (USD).Trend:Decrease 109.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.75 (USD).Trend:Increase 733.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.92 (USD).Trend:Increase 22.67% than previous quarter

Overall: decreasing (922.22%). Fluctuation: **Significant** (high variation).



Financial statements from Q1-Q3 2021 depict a complex picture of financial performance. Liabilities on revenue show a slight, yet unsteady increase. Current assets are falling dramatically. Cost efficiency, gauged by retained earnings-to-revenue, is deteriorating significantly. SG&A expenses are increasing, but with large variations,  suggesting fluctuating operational strategies. Investment efficiency is weakening. Earnings per share remain highly negative and declining sharply. This indicates a concerning pattern of declining profitability and asset management.