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 67.59 (%).Trend:Increase 351.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 27.76 (%).Trend:Decrease 58.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.41 (%).Trend:Decrease 26.48% than previous quarter

Overall: decreasing (-69.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 1224.98 (%).Trend:Increase 855.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 490.73 (%).Trend:Decrease 59.94% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 316.77 (%).Trend:Decrease 35.45% than previous quarter

Overall: decreasing (-74.14%). 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 -205.37 (%).Trend:Increase 268.71% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -93.86 (%).Trend:Decrease 54.3% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -81.48 (%).Trend:Decrease 13.19% than previous quarter

Overall: increasing (-60.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.01 (%).Trend:Increase 15.34% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.87 (%).Trend:Decrease 5.94% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.45 (%).Trend:Increase 16.47% than previous quarter

Overall: increasing (9.55%). 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 -15.05 (%).Trend:Decrease 56.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -16.49 (%).Trend:Increase 9.57% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -20.71 (%).Trend:Increase 25.59% than previous quarter

Overall: decreasing (37.61%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.43 (USD).Trend:Decrease 4.44% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.74 (USD).Trend:Increase 72.09% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.61 (USD).Trend:Increase 117.57% than previous quarter

Overall: decreasing (274.42%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show a mixed trend in financial efficiency. Liabilities on revenue and current assets on revenue have decreased, experiencing significant variation. Cost efficiency displays a consistent decrease in retained earnings on revenue, but with substantial fluctuations. The SG&A expense ratio shows a slight increase, exhibiting little fluctuation. Investment efficiency and earning per share, show significant decrease in each quarter and exhibits significant variation. Overall, the financial performance shows significant volatility across the selected metrics.