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 99.13 (%).Trend:Increase 30.59% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 78.54 (%).Trend:Decrease 20.77% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 55.26 (%).Trend:Decrease 29.64% than previous quarter

Overall: decreasing (-44.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 65.1 (%).Trend:Decrease 20.44% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 36.46 (%).Trend:Decrease 43.99% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 26.07 (%).Trend:Decrease 28.5% than previous quarter

Overall: decreasing (-59.95%). 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 -1189.02 (%).Trend:Increase 62.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -512.02 (%).Trend:Decrease 56.94% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -303.2 (%).Trend:Decrease 40.78% than previous quarter

Overall: increasing (-74.5%). 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 -214.23 (%).Trend:Increase 34.1% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -179.64 (%).Trend:Decrease 16.15% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -156.64 (%).Trend:Decrease 12.8% than previous quarter

Overall: increasing (-26.88%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.73 (USD).Trend:Decrease 90.66% than previous quarter
Year 2021 Quarter 2: Earning Per Share -3.27 (USD).Trend:Increase 89.02% than previous quarter
Year 2021 Quarter 3: Earning Per Share -2.97 (USD).Trend:Decrease 9.17% than previous quarter

Overall: decreasing (71.68%). Fluctuation: **Significant** (high variation).



The financial statements from Q1 to Q3 2021 reveal significant volatility in various key metrics.  Working capital efficiency shows substantial declines in both liabilities and current assets on revenue, indicating potential issues with managing short-term obligations.  Cost efficiency, as measured by the retained earnings ratio, displays a pattern of substantial increases and decreases.  Investment efficiency, evaluated by the retained earnings-to-assets ratio, similarly shows significant swings.  Earnings per share are also declining and highly volatile.  These findings suggest significant instability in the financial performance during the period.