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 68.94 (%).Trend:Increase 241.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.11 (%).Trend:Decrease 53.42% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.17 (%).Trend:Decrease 18.5% than previous quarter

Overall: decreasing (-62.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 96.36 (%).Trend:Increase 207.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.04 (%).Trend:Decrease 50.15% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 31.85 (%).Trend:Decrease 33.7% than previous quarter

Overall: decreasing (-66.95%). 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 -1238.28 (%).Trend:Increase 250.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -622.32 (%).Trend:Decrease 49.74% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -417.38 (%).Trend:Decrease 32.93% than previous quarter

Overall: increasing (-66.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.84 (%).Trend:Increase 11.17% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.08 (%).Trend:Increase 1.87% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.65 (%).Trend:Increase 4.36% than previous quarter

Overall: increasing (6.31%). 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 -88.89 (%).Trend:Increase 6.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -90.28 (%).Trend:Increase 1.56% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -93.45 (%).Trend:Increase 3.51% than previous quarter

Overall: decreasing (5.13%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1-Q3 2021 reveal significant fluctuations in working capital efficiency, particularly in liabilities and current assets on revenue, both decreasing.  The ratio of retained earnings to revenue shows a sizeable negative increase overall.  The SG&A expense ratio demonstrates stable, though slightly increasing, trends.  Retained earnings on assets showed a consistent decline, with significant quarter-to-quarter variation.  The significant volatility in several key performance indicators requires further investigation to determine the root cause and develop appropriate strategies.