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 70.73 (%).Trend:Increase 497.38% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.63 (%).Trend:Decrease 56.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 21.45 (%).Trend:Decrease 29.97% than previous quarter

Overall: decreasing (-69.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 454.9 (%).Trend:Increase 355.4% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 220.49 (%).Trend:Decrease 51.53% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 127.07 (%).Trend:Decrease 42.37% than previous quarter

Overall: decreasing (-72.07%). 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 443.96 (%).Trend:Increase 224.08% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 99.39 (%).Trend:Decrease 77.61% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 60.42 (%).Trend:Decrease 39.21% than previous quarter

Overall: decreasing (-86.39%). 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 30.3 (%).Trend:Decrease 20.6% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.46 (%).Trend:Decrease 42.38% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 17.7 (%).Trend:Increase 1.37% than previous quarter

Overall: decreasing (-41.58%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.22 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.6 (USD).Trend:Increase 172.73% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.56 (USD).Trend:Decrease 6.67% than previous quarter

Overall: decreasing (154.55%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 exhibit substantial fluctuations. Working capital efficiency, measured by liabilities and current assets on revenue, is decreasing rapidly, indicating possible operational problems. Cost efficiency, as shown by the ratio of retained earnings to revenue, is declining significantly.  Investment efficiency, measured by retained earnings on assets, is also decreasing.  Earnings per share are negative and volatile, implying ongoing financial strain.  The substantial variation suggests a need for a thorough analysis of the underlying causes and potential implications.