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 165.07 (%).Trend:Increase 211.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71.49 (%).Trend:Decrease 56.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 58.66 (%).Trend:Decrease 17.95% than previous quarter

Overall: decreasing (-64.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 235.91 (%).Trend:Increase 208.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 112.7 (%).Trend:Decrease 52.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 83.81 (%).Trend:Decrease 25.63% than previous quarter

Overall: decreasing (-64.47%). 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 29.65 (%).Trend:Increase 105.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.9 (%).Trend:Decrease 49.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -2.74 (%).Trend:Decrease 118.39% than previous quarter

Overall: decreasing (-109.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 60.41 (%).Trend:Increase 32.51% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.16 (%).Trend:Decrease 8.69% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.54 (%).Trend:Increase 0.69% than previous quarter

Overall: decreasing (-8.06%). 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 3.84 (%).Trend:Decrease 25.29% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 4.05 (%).Trend:Increase 5.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -0.85 (%).Trend:Decrease 120.99% than previous quarter

Overall: decreasing (-122.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 88.68% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.34 (USD).Trend:Increase 466.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 394.12% than previous quarter

Overall: decreasing (-1766.67%). Fluctuation: **Significant** (high variation).



Financial statement analysis of Q1 2021 to Q3 2021 reveals a substantial and concerning decline across most key metrics.  Working capital efficiency, cost efficiency, investment efficiency, and earnings per share all show substantial decreases and high variability.  The SG&A expense ratio shows a smaller decrease and less variation.  The overall picture suggests significant financial challenges and operational difficulties.