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 147.76 (%).Trend:Increase 174.49% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 74.6 (%).Trend:Decrease 49.51% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 50.65 (%).Trend:Decrease 32.1% than previous quarter

Overall: decreasing (-65.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 171.51 (%).Trend:Increase 126.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 85.22 (%).Trend:Decrease 50.31% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 68.13 (%).Trend:Decrease 20.05% than previous quarter

Overall: decreasing (-60.28%). 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 -41.45 (%).Trend:Increase 144.11% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -22.37 (%).Trend:Decrease 46.03% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -13.77 (%).Trend:Decrease 38.44% than previous quarter

Overall: increasing (-66.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 47.32 (%).Trend:Decrease 8.6% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.69 (%).Trend:Increase 2.9% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.72 (%).Trend:Decrease 1.99% than previous quarter

Overall: increasing (0.85%). Fluctuation: **Little** (low 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 -7.26 (%).Trend:Decrease 19.69% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -7.82 (%).Trend:Increase 7.71% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.89 (%).Trend:Decrease 11.89% than previous quarter

Overall: increasing (-5.1%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 87.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.09 (USD).Trend:Increase 800.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.04 (USD).Trend:Decrease 55.56% than previous quarter

Overall: decreasing (300.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased drastically, while current assets on revenue also decreased, both displaying substantial volatility. Cost efficiency shows a marginally decreasing trend in SG&A expenses, suggesting stable spending.  The ratio of retained earnings to revenue increased, though with significant swings.  Investment efficiency, measured by retained earnings on assets, also displayed significant fluctuations.  Earning per share exhibited a significant downward trend, with substantial changes quarter-to-quarter.