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 68.58 (%).Trend:Increase 263.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.66 (%).Trend:Decrease 50.92% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 23.1 (%).Trend:Decrease 31.37% than previous quarter

Overall: decreasing (-66.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 133.91 (%).Trend:Increase 294.32% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.59 (%).Trend:Decrease 51.77% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.15 (%).Trend:Decrease 36.29% than previous quarter

Overall: decreasing (-69.27%). 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 -272.43 (%).Trend:Increase 236.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -136.78 (%).Trend:Decrease 49.79% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -86.66 (%).Trend:Decrease 36.64% than previous quarter

Overall: increasing (-68.19%). 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 -60.63 (%).Trend:Increase 0.02% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -63.16 (%).Trend:Increase 4.17% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -64.22 (%).Trend:Increase 1.68% than previous quarter

Overall: decreasing (5.92%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 366.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.14 (USD).Trend:Increase 75.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.17 (USD).Trend:Increase 21.43% than previous quarter

Overall: decreasing (112.5%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2021 to Q3 2021 reveals a consistent downward trend in key working capital efficiency metrics (liabilities and current assets on revenue) after a period of rapid growth.  Cost efficiency remains poor, with the ratio of retained earnings to revenue fluctuating wildly while remaining negative.  Further, decreasing retained earnings on assets and significantly declining earnings per share signal major financial instability.