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 525500000.0 (%).Trend:Increase 1354381343.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 577700000.0 (%).Trend:Increase 9.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 642900000.0 (%).Trend:Increase 11.29% than previous quarter

Overall: increasing (22.34%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 1820700000.0 (%).Trend:Increase 993452183.52% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 2496900000.0 (%).Trend:Increase 37.14% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 3615900000.0 (%).Trend:Increase 44.82% than previous quarter

Overall: increasing (98.6%). 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 -18754900000.0 (%).Trend:Increase 890169771.23% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -19442800000.0 (%).Trend:Increase 3.67% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -20353600000.0 (%).Trend:Increase 4.68% than previous quarter

Overall: decreasing (8.52%). 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 -199.46 (%).Trend:Decrease 1.24% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -199.39 (%).Trend:Decrease 0.04% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -188.94 (%).Trend:Decrease 5.24% than previous quarter

Overall: increasing (-5.27%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.04 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.12 (USD).Trend:Increase 50.0% than previous quarter

Overall: decreasing (200.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2021 reveals a mixed picture. Working capital metrics show strong increases, particularly in current assets, with significant volatility. Liabilities on revenue show a steady increase. Cost efficiency, as represented by the declining retained earnings to revenue ratio, reflects a concern. Invest efficiency displays a slight, but volatile upward trend in retained earnings on assets. Earnings per share remain consistently negative and declining.