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 17943000000.0 (%).Trend:Decrease 15.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 18835500000.0 (%).Trend:Increase 4.97% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 19472300000.0 (%).Trend:Increase 3.38% than previous quarter

Overall: increasing (8.52%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 29191100000.0 (%).Trend:Decrease 11.38% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28559500000.0 (%).Trend:Decrease 2.16% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 28809700000.0 (%).Trend:Increase 0.88% than previous quarter

Overall: decreasing (-1.31%). 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 -24348900000.0 (%).Trend:Increase 11.92% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -26680900000.0 (%).Trend:Increase 9.58% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -28200700000.0 (%).Trend:Increase 5.7% than previous quarter

Overall: decreasing (15.82%). 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 -70.13 (%).Trend:Increase 25.37% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -80.66 (%).Trend:Increase 15.01% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -84.6 (%).Trend:Increase 4.88% than previous quarter

Overall: decreasing (20.63%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 88.29% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 223.08% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.6 (USD).Trend:Increase 42.86% than previous quarter

Overall: decreasing (361.54%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2021 shows a mixed trend.  While liabilities on revenue are mildly increasing, current assets on revenue are slightly decreasing, implying a slight improvement in working capital management.  However, there are significant issues with cost efficiency and investment efficiency. The ratio of retained earnings to revenue, and retained earnings on assets, are significantly decreasing.  A negative trend is evident in earnings per share, which suggests that the company may be struggling with profitability.