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 30795600000.0 (%).Trend:Increase 4.94% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40416900000.0 (%).Trend:Increase 31.24% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 40059200000.0 (%).Trend:Decrease 0.89% than previous quarter

Overall: increasing (30.08%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 62424400000.0 (%).Trend:Increase 7.78% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 71648600000.0 (%).Trend:Increase 14.78% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 71291900000.0 (%).Trend:Decrease 0.5% than previous quarter

Overall: increasing (14.21%). Fluctuation: **Little** (low 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 -67938200000.0 (%).Trend:Increase 17.68% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -69992200000.0 (%).Trend:Increase 3.02% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -71673500000.0 (%).Trend:Increase 2.4% than previous quarter

Overall: decreasing (5.5%). 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 -78.27 (%).Trend:Increase 14.53% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -73.39 (%).Trend:Decrease 6.23% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -75.82 (%).Trend:Increase 3.31% than previous quarter

Overall: increasing (-3.13%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.91 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.13 (USD).Trend:Increase 24.18% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.3 (USD).Trend:Increase 15.04% than previous quarter

Overall: decreasing (42.86%). Fluctuation: **Significant** (high variation).



Analysis of the financial statements indicates a mixed performance for 2021. While liabilities and current assets on revenue show an increasing trend, the ratio of retained earnings to revenue consistently declines, signifying a concern in cost efficiency.  Earnings per share are consistently negative and falling, demonstrating a substantial decline in profitability. Investment efficiency, measured by retained earnings on assets, shows a slight upward trend, though significant quarter-to-quarter variability remains.