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 194.48 (%).Trend:Increase 235.43% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 93.08 (%).Trend:Decrease 52.14% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 64.12 (%).Trend:Decrease 31.11% than previous quarter

Overall: decreasing (-67.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 343.16 (%).Trend:Increase 247.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 172.02 (%).Trend:Decrease 49.87% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 123.42 (%).Trend:Decrease 28.25% than previous quarter

Overall: decreasing (-64.03%). 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 183.84 (%).Trend:Increase 249.97% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 85.89 (%).Trend:Decrease 53.28% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 58.79 (%).Trend:Decrease 31.55% than previous quarter

Overall: decreasing (-68.02%). 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 11.02 (%).Trend:Decrease 0.99% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.86 (%).Trend:Decrease 1.45% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 11.55 (%).Trend:Increase 6.35% than previous quarter

Overall: increasing (4.81%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.24 (USD).Trend:Increase 84.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.29 (USD).Trend:Increase 20.83% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.11 (USD).Trend:Decrease 137.93% than previous quarter

Overall: increasing (-145.83%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize Q1-Q3 2021 financial performance.  Liabilities on Revenue, Current Assets on Revenue, and Ratio of Retained Earnings to Revenue decreased substantially, indicating potential operational inefficiencies or changing market conditions.  Conversely, Retained Earnings on Assets showed a slight, stable increase, while Earnings Per Share fluctuated dramatically, ultimately increasing despite negative values in earlier quarters.  Further investigation of SG&A expense ratios is recommended.