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 372.15 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 377.35 (%).Trend:Increase 1.4% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 386.45 (%).Trend:Increase 2.41% than previous quarter

Overall: increasing (3.84%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 850.38 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 778.12 (%).Trend:Decrease 8.5% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 692.98 (%).Trend:Decrease 10.94% than previous quarter

Overall: decreasing (-18.51%). Fluctuation: **Neutral** (moderate 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 -873.33 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -971.67 (%).Trend:Increase 11.26% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1078.33 (%).Trend:Increase 10.98% than previous quarter

Overall: decreasing (23.47%). 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 -96.95 (%).Trend:Decrease 14.75% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -117.74 (%).Trend:Increase 21.44% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -145.79 (%).Trend:Increase 23.82% than previous quarter

Overall: decreasing (50.38%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1-Q3 2021 data highlights inconsistencies. Liabilities on revenue are increasing slightly, while current assets are declining substantially. Cost efficiency, measured by the retained earnings to revenue ratio, shows a clear downward trend with significant variation.  Investment efficiency, in terms of retained earnings on assets, is decreasing substantially with fluctuations.