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 700.95 (%).Trend:Increase 309.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 316.23 (%).Trend:Decrease 54.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 200.65 (%).Trend:Decrease 36.55% than previous quarter

Overall: decreasing (-71.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 581.75 (%).Trend:Increase 322.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 287.52 (%).Trend:Decrease 50.58% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 163.95 (%).Trend:Decrease 42.98% than previous quarter

Overall: decreasing (-71.82%). 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 -14.32 (%).Trend:Increase 420.73% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 2.9 (%).Trend:Decrease 120.25% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 7.73 (%).Trend:Increase 166.55% than previous quarter

Overall: increasing (-153.98%). 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 -1.78 (%).Trend:Increase 43.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.76 (%).Trend:Decrease 142.7% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.24 (%).Trend:Increase 326.32% than previous quarter

Overall: increasing (-282.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.14 (USD).Trend:Decrease 88.8% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.12 (USD).Trend:Decrease 185.71% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.36 (USD).Trend:Increase 200.0% than previous quarter

Overall: increasing (-357.14%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 exhibit substantial volatility across key performance indicators. Liabilities on revenue decreased overall by -71.37%, while current assets on revenue also decreased by -71.82%, both with substantial quarter-to-quarter fluctuations.  A significant increase was observed in the ratio of retained earnings to revenue, despite notable quarter-to-quarter volatility.  Similarly, retained earnings on assets and earnings per share show substantial volatility and no clear directional trend. The high variation in these metrics warrants further investigation.