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 94.96 (%).Trend:Increase 90.53% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.16 (%).Trend:Decrease 48.23% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34.44 (%).Trend:Decrease 29.94% than previous quarter

Overall: decreasing (-63.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 195.39 (%).Trend:Increase 82.68% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 96.67 (%).Trend:Decrease 50.52% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 64.53 (%).Trend:Decrease 33.25% than previous quarter

Overall: decreasing (-66.97%). 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 -95.0 (%).Trend:Increase 69.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -44.78 (%).Trend:Decrease 52.86% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -25.88 (%).Trend:Decrease 42.21% than previous quarter

Overall: increasing (-72.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.54 (%).Trend:Decrease 24.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.18 (%).Trend:Decrease 1.67% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.61 (%).Trend:Decrease 7.41% than previous quarter

Overall: decreasing (-8.96%). 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 -18.2 (%).Trend:Decrease 2.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -17.94 (%).Trend:Decrease 1.43% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -16.23 (%).Trend:Decrease 9.53% than previous quarter

Overall: increasing (-10.82%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 100.52% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.06 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.35 (USD).Trend:Increase 483.33% than previous quarter

Overall: increasing (1066.67%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2021 reveals significant volatility. Liabilities and current assets on revenue both decreased, though with fluctuations. Cost efficiency displays a negative trend in the retained earnings-to-revenue ratio, but the trend shows variation. Selling, General, and Administrative (SG&A) expenses decreased steadily. Investment efficiency remains predominantly negative.  Earnings per share increased sharply in the third quarter after significant initial decreases. The data strongly suggests substantial variability in financial performance.