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 143.03 (%).Trend:Increase 108.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 90.99 (%).Trend:Decrease 36.38% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 58.78 (%).Trend:Decrease 35.4% than previous quarter

Overall: decreasing (-58.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 166.82 (%).Trend:Increase 80.13% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 110.69 (%).Trend:Decrease 33.65% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 69.22 (%).Trend:Decrease 37.46% than previous quarter

Overall: decreasing (-58.51%). 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 -1345.74 (%).Trend:Increase 75.57% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -875.15 (%).Trend:Decrease 34.97% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -693.12 (%).Trend:Decrease 20.8% than previous quarter

Overall: increasing (-48.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.76 (%).Trend:Decrease 44.79% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 44.7 (%).Trend:Increase 55.42% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.44 (%).Trend:Increase 6.13% than previous quarter

Overall: increasing (64.95%). Fluctuation: **Neutral** (moderate 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 -510.75 (%).Trend:Increase 1.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -510.12 (%).Trend:Decrease 0.12% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -605.86 (%).Trend:Increase 18.77% than previous quarter

Overall: decreasing (18.62%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.41 (USD).Trend:Decrease 141.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.28 (USD).Trend:Decrease 31.71% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.82 (USD).Trend:Decrease 392.86% than previous quarter

Overall: decreasing (-300.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 indicate a period of significant financial instability. Working capital efficiency, both liabilities and current assets, experienced a substantial decline. Cost efficiency, while demonstrating a positive trend in some regards, overall suffered a substantial negative impact from decreasing retained earnings.  The selling, general, and administrative (SG&A) expense ratio showed an increasing pattern but significant fluctuations. Investment efficiency and earnings per share both demonstrated negative trends, indicating a worsening financial situation.  This period highlights a substantial need for improvement in financial management.