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 110.42 (%).Trend:Increase 49.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 101.04 (%).Trend:Decrease 8.49% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 125.96 (%).Trend:Increase 24.66% than previous quarter

Overall: increasing (14.07%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 66.9 (%).Trend:Increase 38.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 41.7 (%).Trend:Decrease 37.67% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.61 (%).Trend:Decrease 0.22% than previous quarter

Overall: decreasing (-37.8%). 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 376.97 (%).Trend:Increase 100.91% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 149.78 (%).Trend:Decrease 60.27% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 21.34 (%).Trend:Decrease 85.75% than previous quarter

Overall: decreasing (-94.34%). 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 19.37 (%).Trend:Increase 22.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 14.86 (%).Trend:Decrease 23.28% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.64 (%).Trend:Decrease 75.5% than previous quarter

Overall: decreasing (-81.21%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.45 (USD).Trend:Decrease 112.64% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.16 (USD).Trend:Decrease 357.78% than previous quarter
Year 2021 Quarter 3: Earning Per Share -5.17 (USD).Trend:Increase 345.69% than previous quarter

Overall: decreasing (-1248.89%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows fluctuating liabilities on revenue, with a neutral trend overall. Current assets on revenue are significantly decreasing.  Cost efficiency, measured by the ratio of retained earnings to revenue, is dramatically declining.  Investment efficiency, as measured by retained earnings on assets, is also significantly decreasing. Earnings per share show a massive decline.  Overall, the financial performance from Q1 2021 to Q3 2021 indicates significant and concerning downward trends across key metrics.