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 239.33 (%).Trend:Increase 438.67% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 131.89 (%).Trend:Decrease 44.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 88.89 (%).Trend:Decrease 32.6% than previous quarter

Overall: decreasing (-62.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 252.23 (%).Trend:Increase 135.88% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 141.68 (%).Trend:Decrease 43.83% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 148.07 (%).Trend:Increase 4.51% than previous quarter

Overall: decreasing (-41.3%). 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 -52.56 (%).Trend:Increase 85.2% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -34.28 (%).Trend:Decrease 34.78% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -25.73 (%).Trend:Decrease 24.94% than previous quarter

Overall: increasing (-51.05%). 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 -9.65 (%).Trend:Decrease 21.22% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -11.29 (%).Trend:Increase 16.99% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -9.93 (%).Trend:Decrease 12.05% than previous quarter

Overall: decreasing (2.9%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.19 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.01 (USD).Trend:Decrease 94.74% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.1 (USD).Trend:Decrease 1100.0% than previous quarter

Overall: decreasing (-152.63%). Fluctuation: **Significant** (high variation).



Financial statement analysis reveals significant volatility in several key metrics.  Working capital efficiency, as evidenced by fluctuating liabilities and current assets on revenue, exhibits substantial quarter-to-quarter swings. Cost efficiency, specifically the ratio of retained earnings to revenue, displays a somewhat increasing trend but significant variations across periods.  Investment efficiency, as measured by retained earnings on assets, also shows a volatile decreasing trend.  Earnings per share experienced a substantial and concerning overall decrease, further highlighting the unstable financial position.