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 165.07 (%).Trend:Increase 211.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71.49 (%).Trend:Decrease 56.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 58.66 (%).Trend:Decrease 17.95% than previous quarter

Overall: decreasing (-64.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 235.91 (%).Trend:Increase 208.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 112.7 (%).Trend:Decrease 52.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 83.81 (%).Trend:Decrease 25.63% than previous quarter

Overall: decreasing (-64.47%). 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 29.65 (%).Trend:Increase 105.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.9 (%).Trend:Decrease 49.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -2.74 (%).Trend:Decrease 118.39% than previous quarter

Overall: decreasing (-109.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 60.41 (%).Trend:Increase 32.51% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.16 (%).Trend:Decrease 8.69% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.54 (%).Trend:Increase 0.69% than previous quarter

Overall: decreasing (-8.06%). Fluctuation: **Little** (low 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 3.84 (%).Trend:Decrease 25.29% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 4.05 (%).Trend:Increase 5.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -0.85 (%).Trend:Decrease 120.99% than previous quarter

Overall: decreasing (-122.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 88.68% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.34 (USD).Trend:Increase 466.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.0 (USD).Trend:Decrease 394.12% than previous quarter

Overall: decreasing (-1766.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 reveal a concerning downward trend across various key metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, is declining significantly.  Cost efficiency, reflected in the ratio of retained earnings to revenue, is decreasing dramatically.  Investment efficiency and earnings per share are also declining substantially, indicating potential financial strain.  The significant fluctuations in these metrics suggest considerable instability and warrant further investigation into underlying factors. SG&A expense ratio, while declining overall, shows less volatile behavior.