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 782420.0 (%).Trend:Increase 8522993.68% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 3845.0 (%).Trend:Decrease 99.51% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 2375.0 (%).Trend:Decrease 38.23% than previous quarter

Overall: decreasing (-99.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 4410560.0 (%).Trend:Increase 5373389.28% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 894540.0 (%).Trend:Decrease 79.72% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 732225.0 (%).Trend:Decrease 18.15% than previous quarter

Overall: decreasing (-83.4%). 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 -689140.0 (%).Trend:Increase 362705163.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -189900.0 (%).Trend:Decrease 72.44% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -172129.17 (%).Trend:Decrease 9.36% than previous quarter

Overall: increasing (-75.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 838860.0 (%).Trend:Increase 6620736.62% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 224755.0 (%).Trend:Decrease 73.21% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 200166.67 (%).Trend:Decrease 10.94% than previous quarter

Overall: decreasing (-76.14%). 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 -14.48 (%).Trend:Increase 6481.82% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -19.29 (%).Trend:Increase 33.22% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -21.24 (%).Trend:Increase 10.11% than previous quarter

Overall: decreasing (46.69%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.37 (USD).Trend:Decrease 109.09% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 13.51% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.47 (USD).Trend:Increase 11.9% than previous quarter

Overall: decreasing (27.03%). Fluctuation: **Significant** (high variation).



Analysis of Quater 1 2021 to Quater 3 2021 financial statements reveals significant fluctuations across all metrics.  Liabilities on revenue and current assets on revenue decreased dramatically overall, from extremely high initial values. The ratio of retained earnings to revenue showed an overall increase from a deeply negative starting point, while SG&A expense ratio decreased. Investment efficiency metrics, Retained Earnings on Assets and Earnings Per Share, both declined.  High volatility characterizes these financial indicators.