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 1751700000.0 (%).Trend:Decrease 19.13% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1587500000.0 (%).Trend:Decrease 9.37% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 2201200000.0 (%).Trend:Increase 38.66% than previous quarter

Overall: increasing (25.66%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 16988600000.0 (%).Trend:Increase 25.9% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 11880300000.0 (%).Trend:Decrease 30.07% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 9908600000.0 (%).Trend:Decrease 16.6% than previous quarter

Overall: decreasing (-41.68%). 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 -27730000000.0 (%).Trend:Decrease 3.61% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -29640000000.0 (%).Trend:Increase 6.89% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -31860000000.0 (%).Trend:Increase 7.49% than previous quarter

Overall: decreasing (14.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 556400000.0 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1145000000.0 (%).Trend:Increase 105.79% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1791600000.0 (%).Trend:Increase 56.47% than previous quarter

Overall: increasing (222.0%). Fluctuation: **Significant** (high 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 -157.99 (%).Trend:Decrease 22.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -188.98 (%).Trend:Increase 19.62% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -227.12 (%).Trend:Increase 20.18% than previous quarter

Overall: decreasing (43.76%). Fluctuation: **Significant** (high variation).

Earning Per Share


Q1 to Q3 2021 financial performance is characterized by inconsistent working capital management.  Liabilities on revenue rose, while current assets fell significantly, showing unstable working capital. Cost efficiency declined (14.89%) with the ratio of retained earnings to revenue declining significantly.  Selling, general, and administrative (SG&A) expenses exhibited sharp increases (222%), and investment efficiency declined drastically (43.76%).