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 198.17 (%).Trend:Increase 216.31% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.78 (%).Trend:Decrease 50.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 67.68 (%).Trend:Decrease 30.78% than previous quarter

Overall: decreasing (-65.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 389.63 (%).Trend:Increase 218.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 188.7 (%).Trend:Decrease 51.57% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 125.94 (%).Trend:Decrease 33.26% than previous quarter

Overall: decreasing (-67.68%). 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 -564.05 (%).Trend:Increase 237.27% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -260.7 (%).Trend:Decrease 53.78% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -167.14 (%).Trend:Decrease 35.89% than previous quarter

Overall: increasing (-70.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -103.57 (%).Trend:Increase 5.38% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -99.67 (%).Trend:Decrease 3.77% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -97.97 (%).Trend:Decrease 1.71% than previous quarter

Overall: increasing (-5.41%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1 2021 to Q3 2021 shows a decreasing trend. Liabilities on revenue saw an increase in Q1, followed by a decrease in Q2 and Q3.  Current assets on revenue also trended downward from the peak in Q1.  Cost efficiency, measured by the ratio of retained earnings to revenue, exhibited a fluctuating, yet overall increasing, trend.  Investment efficiency shows a consistent downward trend in retained earnings on assets.