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 99.85 (%).Trend:Increase 259.82% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.9 (%).Trend:Decrease 59.04% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 24.3 (%).Trend:Decrease 40.59% than previous quarter

Overall: decreasing (-75.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 377.75 (%).Trend:Increase 504.69% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 129.81 (%).Trend:Decrease 65.64% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 83.42 (%).Trend:Decrease 35.74% than previous quarter

Overall: decreasing (-77.92%). 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 408.13 (%).Trend:Increase 367.4% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 149.08 (%).Trend:Decrease 63.47% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 94.69 (%).Trend:Decrease 36.48% than previous quarter

Overall: decreasing (-76.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 86.29 (%).Trend:Increase 58.24% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 60.65 (%).Trend:Decrease 29.71% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.35 (%).Trend:Decrease 7.09% than previous quarter

Overall: decreasing (-34.7%). 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 51.28 (%).Trend:Decrease 7.64% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 55.29 (%).Trend:Increase 7.82% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 57.02 (%).Trend:Increase 3.13% than previous quarter

Overall: increasing (11.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.66 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.24 (USD).Trend:Decrease 63.64% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.02 (USD).Trend:Decrease 108.33% than previous quarter

Overall: increasing (-103.03%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 reveal significant decreasing trends in working capital (liabilities and current assets). Cost efficiency (retained earnings-to-revenue ratio) also decreases significantly. The SG&A expense ratio shows a slight downward trend. Investment efficiency (retained earnings on assets) shows a positive trend with small variation. Earnings per share shows a significant decreasing trend.  All aspects of the analysis indicate a potential decline in financial health.