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 126.11 (%).Trend:Increase 190.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 61.07 (%).Trend:Decrease 51.57% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 41.49 (%).Trend:Decrease 32.06% than previous quarter

Overall: decreasing (-67.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 211.07 (%).Trend:Increase 80.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 88.58 (%).Trend:Decrease 58.03% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 60.51 (%).Trend:Decrease 31.69% than previous quarter

Overall: decreasing (-71.33%). 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 -105.71 (%).Trend:Increase 142.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -66.08 (%).Trend:Decrease 37.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -54.98 (%).Trend:Decrease 16.8% than previous quarter

Overall: increasing (-47.99%). 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 -18.0 (%).Trend:Increase 2.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -24.56 (%).Trend:Increase 36.44% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -32.06 (%).Trend:Increase 30.54% than previous quarter

Overall: decreasing (78.11%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2021 to Q3 2021 shows significant volatility. Liabilities on revenue declined by 67.1%, while current assets on revenue decreased by 71.33%, both experiencing substantial quarterly shifts. The ratio of retained earnings to revenue displayed a slight positive overall trend (decreasing by -47.99%) but with significant volatility.  Invest efficiency (retained earnings on assets) decreased by 78.11% with substantial quarterly changes.