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 79100000000.0 (%).Trend:Decrease 66.69% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80500000000.0 (%).Trend:Increase 1.77% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 82120000000.0 (%).Trend:Increase 2.01% than previous quarter

Overall: increasing (3.82%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 127210000000.0 (%).Trend:Decrease 17.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 127050000000.0 (%).Trend:Decrease 0.13% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 131130000000.0 (%).Trend:Increase 3.21% than previous quarter

Overall: increasing (3.08%). 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 -135340000000.0 (%).Trend:Increase 18.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -138200000000.0 (%).Trend:Increase 2.11% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -142620000000.0 (%).Trend:Increase 3.2% than previous quarter

Overall: decreasing (5.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2170000000.0 (%).Trend:Decrease 71.93% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4310000000.0 (%).Trend:Increase 98.62% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6420000000.0 (%).Trend:Increase 48.96% than previous quarter

Overall: increasing (195.85%). 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 -30.17 (%).Trend:Increase 28.16% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -31.03 (%).Trend:Increase 2.85% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -32.1 (%).Trend:Increase 3.45% than previous quarter

Overall: decreasing (6.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.81 (USD).Trend:Decrease 95.46% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.09 (USD).Trend:Increase 34.57% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.46 (USD).Trend:Increase 33.94% than previous quarter

Overall: decreasing (80.25%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show slight improvements in working capital efficiency with both liabilities and current assets on revenue increasing, although with minimal fluctuations.  However, cost efficiency metrics reveal a considerable decline in the ratio of retained earnings to revenue and a substantial rise in the SG&A expense ratio. Investment efficiency and earnings per share remain negative and volatile.