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 78.38 (%).Trend:Increase 219.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.85 (%).Trend:Decrease 37.68% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.72 (%).Trend:Decrease 37.11% than previous quarter

Overall: decreasing (-60.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 537.29 (%).Trend:Increase 405.97% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 192.92 (%).Trend:Decrease 64.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 97.77 (%).Trend:Decrease 49.32% than previous quarter

Overall: decreasing (-81.8%). 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 -115.48 (%).Trend:Increase 308.49% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -45.66 (%).Trend:Decrease 60.46% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -26.4 (%).Trend:Decrease 42.18% than previous quarter

Overall: increasing (-77.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.65 (%).Trend:Increase 44.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.02 (%).Trend:Decrease 20.95% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.66 (%).Trend:Decrease 9.43% than previous quarter

Overall: decreasing (-28.4%). 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 -6.93 (%).Trend:Increase 14.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -6.4 (%).Trend:Decrease 7.65% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.78 (%).Trend:Increase 5.94% than previous quarter

Overall: increasing (-2.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.05 (USD).Trend:Increase 400.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.03 (USD).Trend:Decrease 40.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.14 (USD).Trend:Decrease 566.67% than previous quarter

Overall: increasing (-380.0%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the financial performance from Q1 2021 to Q3 2021.  Liabilities on revenue and current assets on revenue both decreased substantially.  Conversely, the ratio of retained earnings to revenue showed a significant increase (though remaining negative), while the SG&A expense ratio demonstrated a moderate decrease. Retained earnings on assets and earnings per share exhibited significant fluctuations.