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 304.0 (%).Trend:Increase 85.71% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 163.49 (%).Trend:Decrease 46.22% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 98.53 (%).Trend:Decrease 39.73% than previous quarter

Overall: decreasing (-67.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 10651.93 (%).Trend:Increase 1999.03% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 3165.96 (%).Trend:Decrease 70.28% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 1539.4 (%).Trend:Decrease 51.38% than previous quarter

Overall: decreasing (-85.55%). 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 -8723.59 (%).Trend:Increase 83.65% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -3160.28 (%).Trend:Decrease 63.77% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1720.52 (%).Trend:Decrease 45.56% than previous quarter

Overall: increasing (-80.28%). 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 -77.29 (%).Trend:Decrease 89.9% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -84.41 (%).Trend:Increase 9.21% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -93.6 (%).Trend:Increase 10.89% than previous quarter

Overall: decreasing (21.1%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.18 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.5 (USD).Trend:Increase 177.78% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.87 (USD).Trend:Increase 74.0% than previous quarter

Overall: decreasing (383.33%). Fluctuation: **Significant** (high variation).



Financial statement analysis reveals substantial volatility in working capital, cost, investment, and earnings metrics.  Liabilities on revenue decreased from Q1 to Q3 of 2021, while current assets on revenue also decreased significantly. The ratio of retained earnings to revenue, despite fluctuations, indicated a general increasing trend. Retained earnings on assets trended downward while earnings per share decreased each quarter, pointing toward instability in key financial indicators.  Further investigation into these fluctuations is crucial.