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 143.91 (%).Trend:Increase 359.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 73.38 (%).Trend:Decrease 49.01% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 40.69 (%).Trend:Decrease 44.55% than previous quarter

Overall: decreasing (-71.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 120.54 (%).Trend:Increase 110.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 58.51 (%).Trend:Decrease 51.46% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 37.52 (%).Trend:Decrease 35.87% than previous quarter

Overall: decreasing (-68.87%). 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 -117.3 (%).Trend:Increase 306.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -61.51 (%).Trend:Decrease 47.56% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -36.97 (%).Trend:Decrease 39.9% than previous quarter

Overall: increasing (-68.48%). 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 -12.06 (%).Trend:Increase 98.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -12.89 (%).Trend:Increase 6.88% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -12.33 (%).Trend:Decrease 4.34% than previous quarter

Overall: decreasing (2.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 89.2% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.43 (USD).Trend:Increase 59.26% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.3 (USD).Trend:Decrease 30.23% than previous quarter

Overall: decreasing (11.11%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 shows continued volatility in key financial metrics. Liabilities on revenue show a significant increase in Q1, followed by substantial decreases in Q2 and Q3, suggesting considerable variability. Current assets on revenue display a similar fluctuating pattern. Cost efficiency, as measured by the retained earnings to revenue ratio, shows a negative trend with large fluctuations throughout the period. Invest efficiency, measured by retained earnings on assets, exhibits a declining pattern with variability. Earnings per share also show a decreasing pattern with significant fluctuations.