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 143.98 (%).Trend:Increase 19.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.36 (%).Trend:Decrease 32.38% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 65.59 (%).Trend:Decrease 32.63% than previous quarter

Overall: decreasing (-54.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 106.71 (%).Trend:Increase 150.79% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 63.41 (%).Trend:Decrease 40.58% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 45.03 (%).Trend:Decrease 28.99% than previous quarter

Overall: decreasing (-57.8%). 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 -50.23 (%).Trend:Decrease 93.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.04 (%).Trend:Decrease 28.25% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -15.42 (%).Trend:Decrease 57.21% than previous quarter

Overall: increasing (-69.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.11 (%).Trend:Decrease 43.17% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Decrease 5.04% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.08 (%).Trend:Decrease 4.45% than previous quarter

Overall: decreasing (-9.27%). 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 -6.82 (%).Trend:Decrease 95.56% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.12 (%).Trend:Increase 48.39% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.73 (%).Trend:Decrease 33.5% than previous quarter

Overall: increasing (-1.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.13 (USD).Trend:Decrease 97.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.46 (USD).Trend:Increase 117.7% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.23 (USD).Trend:Decrease 50.0% than previous quarter

Overall: decreasing (8.85%). Fluctuation: **Significant** (high variation).



The financial statements for Q1 through Q3 2021 demonstrate a pattern of declining financial performance.  Working capital efficiency is deteriorating with decreasing liabilities and current assets on revenue. Cost efficiency is problematic, indicated by the substantial declines in the retained earnings ratio.  While selling, general, and administrative expenses show a mild decrease, the overall cost efficiency is compromised by other metrics. Investment efficiency and earnings per share are unstable and heading downwards.  The overall picture suggests a pressing need for corrective actions to avert further financial decline.