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 60.35 (%).Trend:Increase 225.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 31.3 (%).Trend:Decrease 48.14% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.78 (%).Trend:Decrease 40.0% than previous quarter

Overall: decreasing (-68.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 478.98 (%).Trend:Increase 295.85% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 231.07 (%).Trend:Decrease 51.76% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 151.13 (%).Trend:Decrease 34.6% than previous quarter

Overall: decreasing (-68.45%). 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 -559.0 (%).Trend:Increase 171.32% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -283.65 (%).Trend:Decrease 49.26% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -203.43 (%).Trend:Decrease 28.28% than previous quarter

Overall: increasing (-63.61%). 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 -82.29 (%).Trend:Decrease 26.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -86.63 (%).Trend:Increase 5.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -93.42 (%).Trend:Increase 7.84% than previous quarter

Overall: decreasing (13.53%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance in 2021 shows significant and concerning fluctuations.  Working capital efficiency is deteriorating, with both liabilities and current assets decreasing in proportion to revenue.  This could indicate strained liquidity or ineffective management of short-term finances. Cost efficiency, as measured by the negative retained earnings-to-revenue ratio, displays a rising trend, though this is not a favorable sign, likely reflecting decreasing profitability.  Investment efficiency also displays a downward trend, with retained earnings on assets falling over the three quarters.  Further analysis is needed to understand the root causes of these fluctuations and potential remedial actions.