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 68.58 (%).Trend:Increase 263.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.66 (%).Trend:Decrease 50.92% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 23.1 (%).Trend:Decrease 31.37% than previous quarter

Overall: decreasing (-66.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 133.91 (%).Trend:Increase 294.32% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.59 (%).Trend:Decrease 51.77% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.15 (%).Trend:Decrease 36.29% than previous quarter

Overall: decreasing (-69.27%). 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 -272.43 (%).Trend:Increase 236.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -136.78 (%).Trend:Decrease 49.79% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -86.66 (%).Trend:Decrease 36.64% than previous quarter

Overall: increasing (-68.19%). 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 -60.63 (%).Trend:Increase 0.02% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -63.16 (%).Trend:Increase 4.17% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -64.22 (%).Trend:Increase 1.68% than previous quarter

Overall: decreasing (5.92%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 366.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.14 (USD).Trend:Increase 75.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.17 (USD).Trend:Increase 21.43% than previous quarter

Overall: decreasing (112.5%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2021 to Q3 2021 highlights significant decreases in liabilities and current assets on revenue, despite initial sharp increases in Q1.  Cost efficiency is a major concern, as evidenced by a negative and volatile ratio of retained earnings to revenue.  Retained earnings on assets and earnings per share are also declining, suggesting persistent financial distress and substantial operational instability.