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 79.56 (%).Trend:Increase 424.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 41.44 (%).Trend:Decrease 47.91% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.56 (%).Trend:Decrease 26.25% than previous quarter

Overall: decreasing (-61.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 109.28 (%).Trend:Increase 341.71% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 57.39 (%).Trend:Decrease 47.48% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 38.66 (%).Trend:Decrease 32.64% than previous quarter

Overall: decreasing (-64.62%). 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 9.4 (%).Trend:Decrease 25.1% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1.76 (%).Trend:Decrease 81.28% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 0.25 (%).Trend:Decrease 85.8% than previous quarter

Overall: decreasing (-97.34%). 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 1.45 (%).Trend:Decrease 80.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.63 (%).Trend:Decrease 56.55% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 0.15 (%).Trend:Decrease 76.19% than previous quarter

Overall: decreasing (-89.66%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 67.74% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.28 (USD).Trend:Increase 40.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.33 (USD).Trend:Increase 17.86% than previous quarter

Overall: decreasing (65.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1 2021 to Q3 2021 shows a clear downward trend across multiple financial metrics.  Liabilities on revenue and current assets on revenue both decreased significantly, with substantial variation.  The ratio of retained earnings to revenue experienced a steep decline. Retained earnings on assets and earnings per share also exhibited significant and fluctuating declines.  The overall picture points towards a deteriorating financial situation, characterized by severe volatility and negative trends.