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 149.18 (%).Trend:Increase 151.99% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 69.1 (%).Trend:Decrease 53.68% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 42.44 (%).Trend:Decrease 38.58% than previous quarter

Overall: decreasing (-71.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 184.0 (%).Trend:Increase 110.96% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.69 (%).Trend:Decrease 55.06% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 54.22 (%).Trend:Decrease 34.43% than previous quarter

Overall: decreasing (-70.53%). 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 -1883.53 (%).Trend:Increase 156.64% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -796.03 (%).Trend:Decrease 57.74% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -483.79 (%).Trend:Decrease 39.22% than previous quarter

Overall: increasing (-74.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.64 (%).Trend:Decrease 10.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.96 (%).Trend:Decrease 15.32% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.65 (%).Trend:Decrease 2.73% than previous quarter

Overall: decreasing (-17.64%). 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 -332.6 (%).Trend:Increase 10.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -327.38 (%).Trend:Decrease 1.57% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -310.12 (%).Trend:Decrease 5.27% than previous quarter

Overall: increasing (-6.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.98 (USD).Trend:Decrease 75.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.03 (USD).Trend:Increase 5.1% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.84 (USD).Trend:Decrease 18.45% than previous quarter

Overall: increasing (-14.29%). Fluctuation: **Significant** (high variation).



Financial data from Q1 2021 to Q3 2021 signals a challenging financial position.  Working capital efficiency decreased significantly. Liabilities on revenue declined overall, but with significant fluctuation, while current assets also decreased. Cost efficiency data shows a growing trend in retained earnings-to-revenue ratios, with substantial fluctuations. The SG&A expense ratio declined steadily with low variation. Invest efficiency shows an increasing trend in retained earnings on assets with significant volatility. Earning per share is consistently negative with large swings.