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 179.04 (%).Trend:Increase 266.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 128.47 (%).Trend:Decrease 28.25% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 85.07 (%).Trend:Decrease 33.78% than previous quarter

Overall: decreasing (-52.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 664.2 (%).Trend:Increase 238.98% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 389.5 (%).Trend:Decrease 41.36% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 248.09 (%).Trend:Decrease 36.31% than previous quarter

Overall: decreasing (-62.65%). 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 24.63 (%).Trend:Increase 37.83% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -16.05 (%).Trend:Decrease 165.16% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -34.49 (%).Trend:Increase 114.89% than previous quarter

Overall: decreasing (-240.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.92 (%).Trend:Increase 95.45% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.4 (%).Trend:Decrease 8.15% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.27 (%).Trend:Increase 52.36% than previous quarter

Overall: increasing (39.94%). Fluctuation: **Neutral** (moderate 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 2.11 (%).Trend:Decrease 56.94% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -2.39 (%).Trend:Decrease 213.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -8.13 (%).Trend:Increase 240.17% than previous quarter

Overall: decreasing (-485.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 87.14% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.02 (USD).Trend:Increase 277.78% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.9 (USD).Trend:Increase 86.27% than previous quarter

Overall: decreasing (603.7%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 to Q3 2021 shows considerable volatility across key financial metrics.  Decreasing liabilities and current assets on revenue, a declining ratio of retained earnings to revenue, and a volatile SG&A expense ratio indicate potential issues with asset management, profitability, and cost control.  Highly negative and volatile investment efficiency (retained earnings on assets and earnings per share) highlights a need for immediate corrective action and strategic adjustments.