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 154.84 (%).Trend:Increase 291.5% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.89 (%).Trend:Decrease 56.15% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 46.24 (%).Trend:Decrease 31.89% than previous quarter

Overall: decreasing (-70.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 400.0 (%).Trend:Increase 254.39% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 184.1 (%).Trend:Decrease 53.98% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 123.26 (%).Trend:Decrease 33.05% than previous quarter

Overall: decreasing (-69.19%). 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 -159.41 (%).Trend:Increase 396.6% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -75.66 (%).Trend:Decrease 52.54% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -52.06 (%).Trend:Decrease 31.19% than previous quarter

Overall: increasing (-67.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.54 (%).Trend:Increase 26.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.37 (%).Trend:Decrease 11.11% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.24 (%).Trend:Decrease 0.75% than previous quarter

Overall: decreasing (-11.77%). 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 -20.59 (%).Trend:Increase 36.9% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -21.01 (%).Trend:Increase 2.04% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -21.8 (%).Trend:Increase 3.76% than previous quarter

Overall: decreasing (5.88%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.3 (USD).Trend:Decrease 94.76% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.37 (USD).Trend:Increase 23.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.54 (USD).Trend:Increase 45.95% than previous quarter

Overall: decreasing (80.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2021 show a pattern of significant fluctuations in performance metrics.  Liabilities and current assets on revenue decreased, suggesting operational improvements, but with substantial variability. Cost efficiency exhibits large increases in the retained earnings to revenue ratio, but again with high volatility. SG&A expense ratios have decreased.  Investment efficiency shows a slight decrease in retained earning on assets. Earning per share decreased.