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 1271938000.0 (%).Trend:Increase 275.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1391674300.0 (%).Trend:Increase 9.41% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 1824735000.0 (%).Trend:Increase 31.12% than previous quarter

Overall: increasing (43.46%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 10377560200.0 (%).Trend:Decrease 17.29% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 11070021000.0 (%).Trend:Increase 6.67% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 9088716600.0 (%).Trend:Decrease 17.9% than previous quarter

Overall: decreasing (-12.42%). 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 -20153048400.0 (%).Trend:Increase 27.11% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -22808242800.0 (%).Trend:Increase 13.18% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -27068861900.0 (%).Trend:Increase 18.68% than previous quarter

Overall: decreasing (34.32%). 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 -194.03 (%).Trend:Increase 53.7% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -205.91 (%).Trend:Increase 6.12% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -297.67 (%).Trend:Increase 44.56% than previous quarter

Overall: decreasing (53.41%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from the first to third quarter of 2021 reveal a mixed picture. Liabilities on revenue exhibit an overall increase (43.46%) with moderate fluctuations. Current assets on revenue show a significant decrease (-12.42%) with low variation. Cost efficiency, measured by the ratio of retained earnings to revenue, demonstrates a substantial decrease (34.32%) with significant fluctuations. Investment efficiency, measured by retained earnings on assets, also shows a considerable decline (53.41%) and significant variation.  Further investigation is needed to understand the contributing factors.