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 83.27 (%).Trend:Increase 196.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 41.65 (%).Trend:Decrease 49.98% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 24.43 (%).Trend:Decrease 41.34% than previous quarter

Overall: decreasing (-70.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 29.9 (%).Trend:Increase 79.36% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 14.6 (%).Trend:Decrease 51.17% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 8.33 (%).Trend:Decrease 42.95% than previous quarter

Overall: decreasing (-72.14%). 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 -427.79 (%).Trend:Increase 205.5% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -192.43 (%).Trend:Decrease 55.02% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -122.91 (%).Trend:Decrease 36.13% than previous quarter

Overall: increasing (-71.27%). 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 -123.68 (%).Trend:Increase 25.21% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -127.42 (%).Trend:Increase 3.02% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -132.72 (%).Trend:Increase 4.16% than previous quarter

Overall: decreasing (7.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 72.82% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.68 (USD).Trend:Increase 21.43% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.78 (USD).Trend:Increase 14.71% than previous quarter

Overall: decreasing (39.29%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 to Q3 2021 reveals substantial volatility in several key metrics.  Liabilities on revenue decreased but with significant fluctuation over the period.  Current assets on revenue decreased overall, showcasing volatility.  The ratio of retained earnings to revenue increased overall but with significant fluctuations.  Retained earnings on assets and earnings per share both decreased continually, all displaying considerable instability in financial performance. Further investigation is warranted.