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 statements from Q1 2021 to Q3 2021 show significant fluctuations in working capital efficiency. Liabilities and current assets on revenue decreased significantly, but with substantial quarter-to-quarter variations.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a trend of increasing losses, also with high volatility.  Investment efficiency, indicated by retained earnings on assets, is generally declining, with notable fluctuations.  Earnings per share also declined throughout the period, exhibiting high variability.  Overall, the financial performance displays high volatility and negative trends across key metrics.