Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 1615.38 (%).Trend:Increase 542.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1206.27 (%).Trend:Decrease 25.33% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 548.34 (%).Trend:Decrease 54.54% than previous quarter

Overall: decreasing (-66.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 7459.17 (%).Trend:Increase 615.91% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 5872.47 (%).Trend:Decrease 21.27% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 13451.82 (%).Trend:Increase 129.07% than previous quarter

Overall: increasing (80.34%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -132260.95 (%).Trend:Increase 583.31% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -78935.54 (%).Trend:Decrease 40.32% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -38029.14 (%).Trend:Decrease 51.82% than previous quarter

Overall: increasing (-71.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1175.74 (%).Trend:Increase 136.23% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1333.8 (%).Trend:Increase 13.44% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 925.66 (%).Trend:Decrease 30.6% than previous quarter

Overall: decreasing (-21.27%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets -1552.01 (%).Trend:Decrease 2.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -1220.54 (%).Trend:Decrease 21.36% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -277.1 (%).Trend:Decrease 77.3% than previous quarter

Overall: increasing (-82.15%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q1 2020 to Q3 2021 reveal volatility in financial performance. Working capital efficiency metrics (liabilities and current assets on revenue) show a mixed trend with significant fluctuations.  Cost efficiency, as measured by retained earnings to revenue, shows an increasing trend, but with volatility. SG&A expense ratio demonstrates a decreasing trend with moderate variation.  Investment efficiency, measured by retained earnings on assets, shows a volatile increasing trend.  The data reflects substantial instability and the need for careful financial analysis.