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 185.23 (%).Trend:Increase 223.49% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.75 (%).Trend:Decrease 47.23% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 59.14 (%).Trend:Decrease 39.5% than previous quarter

Overall: decreasing (-68.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 613.11 (%).Trend:Increase 178.93% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 275.65 (%).Trend:Decrease 55.04% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 162.71 (%).Trend:Decrease 40.97% than previous quarter

Overall: decreasing (-73.46%). 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 -3136.8 (%).Trend:Increase 182.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1400.27 (%).Trend:Decrease 55.36% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -872.91 (%).Trend:Decrease 37.66% than previous quarter

Overall: increasing (-72.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 64.84 (%).Trend:Increase 8.23% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 57.82 (%).Trend:Decrease 10.83% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54.18 (%).Trend:Decrease 6.3% than previous quarter

Overall: decreasing (-16.44%). 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 -420.44 (%).Trend:Increase 0.16% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -422.35 (%).Trend:Increase 0.45% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -436.28 (%).Trend:Increase 3.3% than previous quarter

Overall: decreasing (3.77%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q1 2021 to Q3 2021 reveals substantial volatility in working capital and cost efficiency. Liabilities on revenue and current assets on revenue significantly decreased, indicating potential liquidity issues.  The ratio of retained earnings to revenue, despite showing an overall increase, displays alarming negative values and high volatility. Conversely, the SG&A expense ratio exhibited a smaller, more stable decrease.  Investment efficiency, as measured by retained earnings on assets, declined, highlighting concerns.