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 406.46 (%).Trend:Increase 135.44% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 223.92 (%).Trend:Decrease 44.91% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 129.34 (%).Trend:Decrease 42.24% than previous quarter

Overall: decreasing (-68.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 462.27 (%).Trend:Increase 236.66% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 228.58 (%).Trend:Decrease 50.55% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 144.87 (%).Trend:Decrease 36.62% than previous quarter

Overall: decreasing (-68.66%). 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 -1577.56 (%).Trend:Increase 197.46% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -838.05 (%).Trend:Decrease 46.88% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -558.44 (%).Trend:Decrease 33.36% than previous quarter

Overall: increasing (-64.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.8 (%).Trend:Decrease 73.01% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 65.05 (%).Trend:Increase 125.87% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 55.71 (%).Trend:Decrease 14.36% than previous quarter

Overall: increasing (93.44%). Fluctuation: **Significant** (high 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 -130.11 (%).Trend:Increase 7.29% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -140.24 (%).Trend:Increase 7.79% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -144.95 (%).Trend:Increase 3.36% than previous quarter

Overall: decreasing (11.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.23 (USD).Trend:Decrease 866.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.14 (USD).Trend:Decrease 39.13% than previous quarter

Overall: decreasing (-566.67%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2021 - Q3 2021 financial data reveals significant fluctuations across key performance indicators.  Liabilities and current assets on revenue decreased sharply, indicating potential working capital issues.  Cost efficiency metrics displayed mixed results, with retained earnings improving but SG&A expenses rising substantially. Investment efficiency was weak, showing declining retained earnings on assets and a dramatic decrease in earnings per share.