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 79100000000.0 (%).Trend:Decrease 66.69% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80500000000.0 (%).Trend:Increase 1.77% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 82120000000.0 (%).Trend:Increase 2.01% than previous quarter

Overall: increasing (3.82%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 127210000000.0 (%).Trend:Decrease 17.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 127050000000.0 (%).Trend:Decrease 0.13% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 131130000000.0 (%).Trend:Increase 3.21% than previous quarter

Overall: increasing (3.08%). Fluctuation: **Little** (low 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 -135340000000.0 (%).Trend:Increase 18.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -138200000000.0 (%).Trend:Increase 2.11% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -142620000000.0 (%).Trend:Increase 3.2% than previous quarter

Overall: decreasing (5.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2170000000.0 (%).Trend:Decrease 71.93% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4310000000.0 (%).Trend:Increase 98.62% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6420000000.0 (%).Trend:Increase 48.96% than previous quarter

Overall: increasing (195.85%). Fluctuation: **Significant** (high 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 -30.17 (%).Trend:Increase 28.16% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -31.03 (%).Trend:Increase 2.85% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -32.1 (%).Trend:Increase 3.45% than previous quarter

Overall: decreasing (6.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.81 (USD).Trend:Decrease 95.46% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.09 (USD).Trend:Increase 34.57% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.46 (USD).Trend:Increase 33.94% than previous quarter

Overall: decreasing (80.25%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 indicate a mixed financial performance.  Working capital efficiency suggests modest improvement, while cost efficiency shows continued and substantial decline in retained earnings to revenue and a large increase in SG&A expenses.  Investment efficiency and earnings per share remain highly negative and volatile.  The company is facing significant challenges, indicated by fluctuations and consistently negative results.