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 704.17 (%).Trend:Increase 434.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 348.91 (%).Trend:Decrease 50.45% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 154.31 (%).Trend:Decrease 55.77% than previous quarter

Overall: decreasing (-78.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 709.15 (%).Trend:Increase 350.54% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 331.04 (%).Trend:Decrease 53.32% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 143.11 (%).Trend:Decrease 56.77% than previous quarter

Overall: decreasing (-79.82%). 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 -189.33 (%).Trend:Increase 479.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -75.39 (%).Trend:Decrease 60.18% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -33.98 (%).Trend:Decrease 54.93% than previous quarter

Overall: increasing (-82.05%). 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 -10.79 (%).Trend:Increase 51.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.47 (%).Trend:Decrease 2.97% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -9.78 (%).Trend:Decrease 6.59% than previous quarter

Overall: increasing (-9.36%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -4.17 (USD).Trend:Decrease 74.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share -6.16 (USD).Trend:Increase 47.72% than previous quarter
Year 2021 Quarter 3: Earning Per Share -3.67 (USD).Trend:Decrease 40.42% than previous quarter

Overall: increasing (-11.99%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2021 to Q3 2021 data reveals substantial volatility in key financial ratios. Liabilities and current assets on revenue decreased significantly (-78.09% and -79.82% respectively) despite initial large increases in Q1. The ratio of retained earnings to revenue increased overall (-82.05%), indicating potential improvements in profitability, but with considerable fluctuation. Retained earnings on assets and earnings per share also showed overall increases despite significant quarter-to-quarter changes.  This points to a need for further investigation into the causes of these fluctuations.