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 76.2 (%).Trend:Increase 281.57% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.66 (%).Trend:Decrease 34.83% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 27.94 (%).Trend:Decrease 43.74% than previous quarter

Overall: decreasing (-63.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 151.18 (%).Trend:Increase 220.3% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 85.68 (%).Trend:Decrease 43.33% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.34 (%).Trend:Decrease 42.41% than previous quarter

Overall: decreasing (-67.36%). 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 -115.02 (%).Trend:Increase 324.9% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -55.68 (%).Trend:Decrease 51.59% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -51.09 (%).Trend:Decrease 8.24% than previous quarter

Overall: increasing (-55.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.98 (%).Trend:Increase 10.5% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.05 (%).Trend:Decrease 8.62% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.06 (%).Trend:Increase 0.03% than previous quarter

Overall: decreasing (-8.59%). Fluctuation: **Little** (low variation).


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 -30.41 (%).Trend:Increase 31.08% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -29.93 (%).Trend:Decrease 1.58% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -48.51 (%).Trend:Increase 62.08% than previous quarter

Overall: decreasing (59.52%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.11 (USD).Trend:Decrease 84.14% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.68 (USD).Trend:Increase 51.35% than previous quarter
Year 2021 Quarter 3: Earning Per Share -4.62 (USD).Trend:Increase 175.0% than previous quarter

Overall: decreasing (316.22%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 reveal considerable fluctuation in financial performance.  Working capital efficiency is decreasing, with both liabilities and current assets on revenue declining.  Cost efficiency (ratio of retained earnings to revenue) displays an increasing, but negative, trend.  Investment efficiency is also decreasing, and earnings per share show a substantial decline.  Selling, General, and Administrative (SG&A) expense ratio exhibits a moderate decrease.