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 134.38 (%).Trend:Increase 398.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 69.16 (%).Trend:Decrease 48.53% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 40.65 (%).Trend:Decrease 41.22% than previous quarter

Overall: decreasing (-69.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 635.14 (%).Trend:Increase 568.99% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 274.05 (%).Trend:Decrease 56.85% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 143.75 (%).Trend:Decrease 47.55% than previous quarter

Overall: decreasing (-77.37%). 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 438.5 (%).Trend:Increase 389.78% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 188.91 (%).Trend:Decrease 56.92% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 95.62 (%).Trend:Decrease 49.38% than previous quarter

Overall: decreasing (-78.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 83.45 (%).Trend:Increase 78.89% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 71.05 (%).Trend:Decrease 14.86% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.41 (%).Trend:Decrease 22.01% than previous quarter

Overall: decreasing (-33.6%). Fluctuation: **Neutral** (moderate 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 43.77 (%).Trend:Decrease 16.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 43.97 (%).Trend:Increase 0.46% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 44.7 (%).Trend:Increase 1.66% than previous quarter

Overall: increasing (2.12%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -6.0 (USD).Trend:Decrease 700.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -6.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -6.0 (USD).Trend:Increase 0.0% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show a period of substantial change.  Working capital efficiency declined sharply, with liabilities and current assets on revenue experiencing large decreases.  Cost efficiency metrics, such as the ratio of retained earnings to revenue and SG&A, also decreased, raising concerns about profitability.  Investment efficiency shows a modest upward trend in retained earnings on assets, while earnings per share remain constant at a negative value. This suggests a period of declining performance in many areas, but with some positive indicators within investment.