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 83.57 (%).Trend:Increase 228.5% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.02 (%).Trend:Decrease 44.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 35.02 (%).Trend:Decrease 23.9% than previous quarter

Overall: decreasing (-58.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 81.38 (%).Trend:Increase 154.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 42.13 (%).Trend:Decrease 48.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 32.98 (%).Trend:Decrease 21.72% than previous quarter

Overall: decreasing (-59.47%). 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 -26.89 (%).Trend:Increase 253.82% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -12.1 (%).Trend:Decrease 55.0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -6.38 (%).Trend:Decrease 47.27% than previous quarter

Overall: increasing (-76.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.26 (%).Trend:Increase 15.72% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.86 (%).Trend:Decrease 3.55% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.19 (%).Trend:Decrease 6.17% than previous quarter

Overall: decreasing (-9.5%). 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 -11.4 (%).Trend:Decrease 2.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.95 (%).Trend:Decrease 3.95% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -8.64 (%).Trend:Decrease 21.1% than previous quarter

Overall: increasing (-24.21%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 700.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.08 (USD).Trend:Decrease 200.0% than previous quarter

Overall: increasing (-233.33%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2021 to Q3 2021 indicates substantial volatility across key financial metrics. Liabilities and current assets on revenue exhibit significant decreases, yet with sharp fluctuations.  Cost efficiency, represented by the retained earnings to revenue ratio, demonstrates a positive trend, but with considerable variation.  Selling, general, and administrative (SG&A) expense ratios show a downward trend with limited fluctuations. Investment efficiency, reflected in retained earnings on assets, displays an increase despite substantial variation. Earning per share is consistently negative and unstable.