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 5751300000.0 (%).Trend:Decrease 7.28% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 7104000000.0 (%).Trend:Increase 23.52% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 7483500000.0 (%).Trend:Increase 5.34% than previous quarter

Overall: increasing (30.12%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 20430500000.0 (%).Trend:Decrease 10.07% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 22336300000.0 (%).Trend:Increase 9.33% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 23779700000.0 (%).Trend:Increase 6.46% than previous quarter

Overall: increasing (16.39%). Fluctuation: **Little** (low 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 18654000000.0 (%).Trend:Decrease 14.48% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 19041100000.0 (%).Trend:Increase 2.08% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 19860100000.0 (%).Trend:Increase 4.3% than previous quarter

Overall: increasing (6.47%). Fluctuation: **Little** (low variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1917700000.0 (%).Trend:Decrease 71.5% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3807000000.0 (%).Trend:Increase 98.52% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5792000000.0 (%).Trend:Increase 52.14% than previous quarter

Overall: increasing (202.03%). Fluctuation: **Significant** (high 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 54.95 (%).Trend:Increase 1.38% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 53.24 (%).Trend:Decrease 3.11% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 53.78 (%).Trend:Increase 1.01% than previous quarter

Overall: decreasing (-2.13%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -2.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.46 (USD).Trend:Increase 23.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.61 (USD).Trend:Decrease 34.55% than previous quarter

Overall: increasing (-19.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 present a mixed bag.  Liabilities and current assets on revenue show increasing trends. Cost efficiency shows a modest improvement in retained earnings to revenue. However, SG&A expenses significantly increased, potentially impacting profitability and efficiency. Investment efficiency indicates a slightly declining trend in retained earnings on assets. Earnings per share are consistently negative, with substantial fluctuation.  These figures require deeper analysis to determine the underlying causes and propose effective strategies for improvement.