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 97.26 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.99 (%).Trend:Decrease 57.86% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.01 (%).Trend:Decrease 31.67% than previous quarter

Overall: decreasing (-71.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 203.36 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 94.61 (%).Trend:Decrease 53.48% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 79.17 (%).Trend:Decrease 16.32% than previous quarter

Overall: decreasing (-61.07%). 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 -36.36 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -15.22 (%).Trend:Decrease 58.14% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -8.91 (%).Trend:Decrease 41.46% than previous quarter

Overall: increasing (-75.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.79 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.66 (%).Trend:Decrease 9.35% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.47 (%).Trend:Decrease 0.92% than previous quarter

Overall: decreasing (-10.18%). Fluctuation: **Little** (low 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 -6.92 (%).Trend:Increase 1.02% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -6.39 (%).Trend:Decrease 7.66% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -5.27 (%).Trend:Decrease 17.53% than previous quarter

Overall: increasing (-23.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.04 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.06 (USD).Trend:Decrease 250.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Increase 133.33% than previous quarter

Overall: increasing (-450.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2021 show a significant decline in working capital efficiency, with liabilities and current assets on revenue both decreasing substantially. Cost efficiency reveals a moderately stable decreasing SG&A expense ratio.  Investment efficiency demonstrates a fluctuating, but ultimately increasing, retained earnings on assets ratio.  Earning per share exhibits highly volatile fluctuations, overall increasing but with considerable quarter-to-quarter variations.