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 127.34 (%).Trend:Increase 95.1% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 95.81 (%).Trend:Decrease 24.76% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 88.97 (%).Trend:Decrease 7.14% than previous quarter

Overall: decreasing (-30.13%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 71.68 (%).Trend:Increase 179.13% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 32.87 (%).Trend:Decrease 54.14% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 25.9 (%).Trend:Decrease 21.2% than previous quarter

Overall: decreasing (-63.87%). 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 -24.45 (%).Trend:Increase 538.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -39.07 (%).Trend:Increase 59.8% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -46.85 (%).Trend:Increase 19.91% than previous quarter

Overall: decreasing (91.62%). 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 -1.76 (%).Trend:Increase 252.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -5.61 (%).Trend:Increase 218.75% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -11.46 (%).Trend:Increase 104.28% than previous quarter

Overall: decreasing (551.14%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.6 (USD).Trend:Decrease 22.08% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.39 (USD).Trend:Increase 131.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share -2.66 (USD).Trend:Increase 91.37% than previous quarter

Overall: decreasing (343.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show concerning trends across key financial metrics.  Liabilities on revenue are decreasing, though the fluctuations are moderate.  Current assets on revenue are significantly decreasing with high variation.  Cost efficiency, as measured by retained earnings, is declining sharply with significant variation. Investment efficiency also has significant negative trends and variations.  Earnings per share are continuously declining, with considerable fluctuations. The substantial negative trends and large variations indicate possible financial distress and highlight a need for urgent financial intervention.