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 130.26 (%).Trend:Increase 262.94% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 63.45 (%).Trend:Decrease 51.29% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 41.01 (%).Trend:Decrease 35.37% than previous quarter

Overall: decreasing (-68.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 183.09 (%).Trend:Increase 291.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 87.48 (%).Trend:Decrease 52.22% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 54.49 (%).Trend:Decrease 37.71% than previous quarter

Overall: decreasing (-70.24%). 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 21.18 (%).Trend:Increase 153.96% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 7.44 (%).Trend:Decrease 64.87% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 4.97 (%).Trend:Decrease 33.2% than previous quarter

Overall: decreasing (-76.53%). 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 4.35 (%).Trend:Decrease 29.27% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.19 (%).Trend:Decrease 26.67% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.36 (%).Trend:Increase 5.33% than previous quarter

Overall: decreasing (-22.76%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.31 (USD).Trend:Decrease 65.56% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.68 (USD).Trend:Increase 119.35% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.61 (USD).Trend:Decrease 10.29% than previous quarter

Overall: decreasing (96.77%). Fluctuation: **Significant** (high variation).



Financial data for Q1 2021 to Q3 2021 reveals consistently declining performance across several key areas. Liabilities and current assets on revenue both decreased with substantial volatility. Cost efficiency, measured by retained earnings to revenue, also demonstrates a significant decrease with high variability.  Investment efficiency shows a decreasing trend with moderate variation. Earnings per share are persistently negative and highly volatile.  The analysis points to a period of significant declining financial performance.