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 126.98 (%).Trend:Increase 200.97% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 61.42 (%).Trend:Decrease 51.63% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 39.14 (%).Trend:Decrease 36.27% than previous quarter

Overall: decreasing (-69.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 206.04 (%).Trend:Increase 192.46% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 102.3 (%).Trend:Decrease 50.35% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 58.54 (%).Trend:Decrease 42.78% than previous quarter

Overall: decreasing (-71.59%). 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 -12.43 (%).Trend:Increase 158.42% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -5.82 (%).Trend:Decrease 53.18% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -3.05 (%).Trend:Decrease 47.59% than previous quarter

Overall: increasing (-75.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.44 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.42 (%).Trend:Decrease 0.09% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.92 (%).Trend:Decrease 2.33% than previous quarter

Overall: decreasing (-2.43%). 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 -2.81 (%).Trend:Decrease 22.59% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -2.66 (%).Trend:Decrease 5.34% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -2.16 (%).Trend:Decrease 18.8% than previous quarter

Overall: increasing (-23.13%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.09 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.15 (USD).Trend:Increase 66.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.34 (USD).Trend:Increase 126.67% than previous quarter

Overall: increasing (277.78%). Fluctuation: **Significant** (high variation).



The financial review of Q1 2021 to Q3 2021 data reveals significant fluctuations. Liabilities and current assets on revenue decreased significantly, suggesting potential improvements in working capital.  The ratio of retained earnings to revenue improved, although remaining negative. SG&A expenses decreased slightly, while retained earnings on assets increased. Earnings per share showed substantial growth.