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 74.87 (%).Trend:Increase 153.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.86 (%).Trend:Decrease 49.43% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 25.55 (%).Trend:Decrease 32.51% than previous quarter

Overall: decreasing (-65.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 336.23 (%).Trend:Increase 325.77% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 164.16 (%).Trend:Decrease 51.18% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 109.15 (%).Trend:Decrease 33.51% than previous quarter

Overall: decreasing (-67.54%). 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 427.74 (%).Trend:Increase 339.79% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 201.75 (%).Trend:Decrease 52.83% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 129.62 (%).Trend:Decrease 35.75% than previous quarter

Overall: decreasing (-69.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.97 (%).Trend:Increase 31.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.04 (%).Trend:Increase 0.58% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.55 (%).Trend:Increase 4.24% than previous quarter

Overall: increasing (4.85%). 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 48.3 (%).Trend:Decrease 2.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 46.54 (%).Trend:Decrease 3.64% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 45.37 (%).Trend:Decrease 2.51% than previous quarter

Overall: decreasing (-6.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.98 (USD).Trend:Decrease 139.68% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.74 (USD).Trend:Increase 179.59% than previous quarter
Year 2021 Quarter 3: Earning Per Share -3.58 (USD).Trend:Increase 30.66% than previous quarter

Overall: decreasing (265.31%). Fluctuation: **Significant** (high variation).



Financial data from Q1 to Q3 2021 reveals significant volatility across multiple financial metrics. Working capital efficiency, as measured by liabilities and current assets on revenue, declined sharply.  Cost efficiency, particularly the retained earnings to revenue ratio, decreased significantly with high fluctuations. The SG&A expense ratio increased slightly.  Investment efficiency, measured by retained earnings on assets, decreased, with a low degree of fluctuation. Earnings per share (EPS) remained negative and experienced substantial declines and large variations.