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 97.91 (%).Trend:Increase 125.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 39.91 (%).Trend:Decrease 59.24% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.57 (%).Trend:Decrease 18.39% than previous quarter

Overall: decreasing (-66.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 154.96 (%).Trend:Increase 74.82% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 74.64 (%).Trend:Decrease 51.83% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 52.09 (%).Trend:Decrease 30.21% than previous quarter

Overall: decreasing (-66.38%). 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 -517.51 (%).Trend:Increase 144.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -244.15 (%).Trend:Decrease 52.82% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -150.34 (%).Trend:Decrease 38.42% than previous quarter

Overall: increasing (-70.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.41 (%).Trend:Decrease 57.55% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.45 (%).Trend:Decrease 11.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.91 (%).Trend:Decrease 10.66% than previous quarter

Overall: decreasing (-21.33%). Fluctuation: **Neutral** (moderate 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 -139.44 (%).Trend:Increase 37.68% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -147.91 (%).Trend:Increase 6.07% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -144.79 (%).Trend:Decrease 2.11% than previous quarter

Overall: decreasing (3.84%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -4.41 (USD).Trend:Decrease 91.23% than previous quarter
Year 2021 Quarter 2: Earning Per Share -7.39 (USD).Trend:Increase 67.57% than previous quarter
Year 2021 Quarter 3: Earning Per Share -9.6 (USD).Trend:Increase 29.91% than previous quarter

Overall: decreasing (117.69%). Fluctuation: **Significant** (high variation).



Financial data from Q1 to Q3 2021 shows significant volatility.  Working capital efficiency displays declines in both liabilities and current assets on revenue, with large variations. Cost efficiency shows a decreasing trend in the ratio of retained earnings to revenue and a steady decrease in SG&A expenses. Investment efficiency and earnings per share both experience decreasing trends with high volatility. Overall, the financial performance from Q1-Q3 2021 points to ongoing instability in several key financial areas.