Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 49.71 (%).Trend:Decrease 20.92% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.67 (%).Trend:Increase 36.13% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 70.87 (%).Trend:Increase 4.73% than previous quarter

Overall: increasing (42.57%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 16.5 (%).Trend:Decrease 58.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 24.83 (%).Trend:Increase 50.48% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 17.75 (%).Trend:Decrease 28.51% than previous quarter

Overall: increasing (7.58%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -314.65 (%).Trend:Decrease 19.77% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -303.16 (%).Trend:Decrease 3.65% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -193.63 (%).Trend:Decrease 36.13% than previous quarter

Overall: increasing (-38.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets -66.33 (%).Trend:Increase 29.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -66.59 (%).Trend:Increase 0.39% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -71.36 (%).Trend:Increase 7.16% than previous quarter

Overall: decreasing (7.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.82 (USD).Trend:Increase 28100.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.53 (USD).Trend:Decrease 81.21% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.98 (USD).Trend:Increase 273.58% than previous quarter

Overall: increasing (-29.79%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q3 2021 show fluctuating working capital efficiency. Liabilities on revenue increased from 49.71% to 70.87%, while current assets on revenue also increased, though with more volatility. Cost efficiency, measured by the ratio of retained earnings to revenue, showed a significant increase (a decrease in the negative value), indicating potential improvement. Investment efficiency, as measured by retained earnings on assets, decreased over the period. Earnings per share showed significant fluctuations, increasing from a negative value to another negative value and then to another negative value.