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 131.3 (%).Trend:Decrease 46.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 150.36 (%).Trend:Increase 14.52% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 216.45 (%).Trend:Increase 43.95% than previous quarter

Overall: increasing (64.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 513.03 (%).Trend:Decrease 52.23% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 429.02 (%).Trend:Decrease 16.38% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 348.92 (%).Trend:Decrease 18.67% than previous quarter

Overall: decreasing (-31.99%). Fluctuation: **Neutral** (moderate 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 -1551.78 (%).Trend:Decrease 67.23% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -946.86 (%).Trend:Decrease 38.98% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -538.99 (%).Trend:Decrease 43.08% than previous quarter

Overall: increasing (-65.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.91 (%).Trend:Decrease 88.17% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.33 (%).Trend:Increase 20.14% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.03 (%).Trend:Decrease 10.21% than previous quarter

Overall: increasing (7.88%). 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 -263.85 (%).Trend:Decrease 27.07% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -198.9 (%).Trend:Decrease 24.62% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -143.21 (%).Trend:Decrease 28.0% than previous quarter

Overall: increasing (-45.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.01 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.04 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.2 (USD).Trend:Decrease 600.0% than previous quarter

Overall: decreasing (-2100.0%). Fluctuation: **Significant** (high variation).



The financial analysis reveals significant fluctuations across various metrics. Liabilities on revenue increased substantially from Q1 to Q3 2021, contrasting with a consistent decline in current assets on revenue.  Cost efficiency demonstrates a negative trend in the ratio of retained earnings to revenue, while the SG&A expense ratio exhibits less volatility. Investment efficiency shows a declining trend in retained earnings on assets, while earnings per share experienced a substantial drop from Q1 to Q3 2021.  These results indicate a complex and dynamic financial situation with potentially high risk.