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 152.89 (%).Trend:Increase 206.21% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 76.92 (%).Trend:Decrease 49.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 50.75 (%).Trend:Decrease 34.02% than previous quarter

Overall: decreasing (-66.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 276.89 (%).Trend:Increase 199.63% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 136.63 (%).Trend:Decrease 50.66% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 88.74 (%).Trend:Decrease 35.05% than previous quarter

Overall: decreasing (-67.95%). 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 -476.14 (%).Trend:Increase 214.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -240.79 (%).Trend:Decrease 49.43% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -162.44 (%).Trend:Decrease 32.54% than previous quarter

Overall: increasing (-65.88%). 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 -100.55 (%).Trend:Increase 4.13% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -103.25 (%).Trend:Increase 2.69% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -108.58 (%).Trend:Increase 5.16% than previous quarter

Overall: decreasing (7.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 76.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.41 (USD).Trend:Increase 70.83% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.67 (USD).Trend:Increase 63.41% than previous quarter

Overall: decreasing (179.17%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2021 to Q3 2021 reveals a clear downward trend in working capital efficiency. Liabilities on revenue and current assets on revenue decreased significantly throughout the period. Cost efficiency, measured by retained earnings to revenue, shows a decreasing trend, yet with considerable fluctuation.  Investment efficiency shows a decreasing trend in retained earnings on assets.  Earnings per share also decreased throughout the period, with large fluctuations between quarters.