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 89.76 (%).Trend:Increase 272.14% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 43.83 (%).Trend:Decrease 51.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.95 (%).Trend:Decrease 31.67% than previous quarter

Overall: decreasing (-66.63%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 75.92 (%).Trend:Increase 206.75% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 37.8 (%).Trend:Decrease 50.21% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 24.67 (%).Trend:Decrease 34.74% than previous quarter

Overall: decreasing (-67.51%). 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 -119.52 (%).Trend:Increase 355.31% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -57.78 (%).Trend:Decrease 51.66% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -37.75 (%).Trend:Decrease 34.67% than previous quarter

Overall: increasing (-68.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.21 (%).Trend:Decrease 13.56% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.98 (%).Trend:Increase 2.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.38 (%).Trend:Increase 1.48% than previous quarter

Overall: increasing (4.46%). 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 51.75% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -30.72 (%).Trend:Increase 1.02% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -30.89 (%).Trend:Increase 0.55% than previous quarter

Overall: decreasing (1.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.06 (USD).Trend:Decrease 73.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.95 (USD).Trend:Decrease 10.38% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.84 (USD).Trend:Decrease 11.58% than previous quarter

Overall: increasing (-20.75%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue decreased by 66.63% from Q1 2021 to Q3 2021, but with a large variation in each quarter. Similarly, current assets on revenue decreased by 67.51% with substantial quarterly changes.  Cost efficiency shows a significant increase in the ratio of retained earnings to revenue, though with large quarterly swings.  SG&A expense ratio is slightly increasing.  Investment efficiency shows a slight decrease in retained earnings on assets with significant fluctuation. Earnings per share are increasing (though negative) with significant volatility.