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 93.32 (%).Trend:Increase 145.13% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 55.27 (%).Trend:Decrease 40.77% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.47 (%).Trend:Decrease 46.68% than previous quarter

Overall: decreasing (-68.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 126.15 (%).Trend:Increase 92.27% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 70.01 (%).Trend:Decrease 44.5% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.71 (%).Trend:Decrease 29.0% than previous quarter

Overall: decreasing (-60.59%). 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 -15.79 (%).Trend:Increase 52.27% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 5.96 (%).Trend:Decrease 137.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 18.13 (%).Trend:Increase 204.19% than previous quarter

Overall: increasing (-214.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.85 (%).Trend:Decrease 7.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.58 (%).Trend:Decrease 9.47% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.31 (%).Trend:Decrease 10.47% than previous quarter

Overall: decreasing (-18.95%). 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 -3.62 (%).Trend:Decrease 36.71% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.98 (%).Trend:Decrease 182.32% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 14.31 (%).Trend:Increase 380.2% than previous quarter

Overall: increasing (-495.3%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 105.6% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.25 (USD).Trend:Increase 1080.56% than previous quarter
Year 2021 Quarter 3: Earning Per Share 11.8 (USD).Trend:Increase 177.65% than previous quarter

Overall: increasing (3177.78%). Fluctuation: **Significant** (high variation).



Financial statement analysis reveals significant volatility in key metrics.  Liabilities and current assets on revenue declined significantly with substantial fluctuations from Q1 to Q3 2021.  The ratio of retained earnings to revenue increased, though with high variability. SG&A expense ratio demonstrates a steady decrease. Investment efficiency shows a considerable increase in retained earnings on assets, but with high volatility.  Earnings per share also showed significant fluctuation and an overall increase.