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 59.99 (%).Trend:Increase 320.98% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.1 (%).Trend:Decrease 46.49% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 19.14 (%).Trend:Decrease 40.37% than previous quarter

Overall: decreasing (-68.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 491.99 (%).Trend:Increase 349.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 231.91 (%).Trend:Decrease 52.86% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 156.87 (%).Trend:Decrease 32.36% than previous quarter

Overall: decreasing (-68.12%). 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 -241.98 (%).Trend:Increase 319.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -102.67 (%).Trend:Decrease 57.57% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -70.65 (%).Trend:Decrease 31.19% than previous quarter

Overall: increasing (-70.8%). 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 -41.89 (%).Trend:Decrease 6.62% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -38.16 (%).Trend:Decrease 8.9% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -38.89 (%).Trend:Increase 1.91% than previous quarter

Overall: increasing (-7.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.97 (USD).Trend:Decrease 51.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.86 (USD).Trend:Increase 91.75% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.19 (USD).Trend:Increase 17.74% than previous quarter

Overall: increasing (125.77%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 present high volatility. Liabilities and current assets on revenue showed a steep drop from the first quarter's peak. The ratio of retained earnings to revenue increased greatly in Q1 but then decreased over the following quarters. Investment efficiency's retained earnings on assets trended upward slightly. Earnings per share saw a decrease in Q1 and then significant increases throughout the period. The results indicate substantial variation and instability.