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 127.34 (%).Trend:Increase 95.1% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 95.81 (%).Trend:Decrease 24.76% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 88.97 (%).Trend:Decrease 7.14% than previous quarter

Overall: decreasing (-30.13%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 71.68 (%).Trend:Increase 179.13% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 32.87 (%).Trend:Decrease 54.14% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 25.9 (%).Trend:Decrease 21.2% than previous quarter

Overall: decreasing (-63.87%). 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 -24.45 (%).Trend:Increase 538.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -39.07 (%).Trend:Increase 59.8% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -46.85 (%).Trend:Increase 19.91% than previous quarter

Overall: decreasing (91.62%). 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 -1.76 (%).Trend:Increase 252.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -5.61 (%).Trend:Increase 218.75% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -11.46 (%).Trend:Increase 104.28% than previous quarter

Overall: decreasing (551.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.6 (USD).Trend:Decrease 22.08% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.39 (USD).Trend:Increase 131.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share -2.66 (USD).Trend:Increase 91.37% than previous quarter

Overall: decreasing (343.33%). Fluctuation: **Significant** (high variation).



Financial Statement Response 1 from Q1 2021 to Q3 2021 reveals a largely negative financial trend across various metrics. Liabilities on revenue decreased overall, but with substantial quarter-to-quarter variation. Current assets on revenue also experienced a significant overall decrease and high fluctuation. Cost efficiency, as measured by the ratio of retained earnings to revenue, showed a notable decrease.  Investment efficiency, indicated by retained earnings on assets, declined drastically. Earnings per share also suffered a considerable decline.  The significant fluctuations and overall negative trends indicate potential operational or financial challenges requiring deeper investigation.