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 75.11 (%).Trend:Increase 208.59% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.66 (%).Trend:Decrease 52.52% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.14 (%).Trend:Decrease 26.7% than previous quarter

Overall: decreasing (-65.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 132.72 (%).Trend:Increase 176.44% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 66.14 (%).Trend:Decrease 50.17% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 45.42 (%).Trend:Decrease 31.33% than previous quarter

Overall: decreasing (-65.78%). 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 -24.3 (%).Trend:Increase 81.34% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -12.17 (%).Trend:Decrease 49.92% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -6.63 (%).Trend:Decrease 45.52% than previous quarter

Overall: increasing (-72.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -8.11 (%).Trend:Decrease 41.57% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -8.04 (%).Trend:Decrease 0.86% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.4 (%).Trend:Decrease 20.4% than previous quarter

Overall: increasing (-21.09%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.28 (USD).Trend:Decrease 12.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.29 (USD).Trend:Increase 3.57% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.38 (USD).Trend:Increase 31.03% than previous quarter

Overall: increasing (35.71%). Fluctuation: **Neutral** (moderate variation).



Financial analysis of Q1-Q3 2021 indicates significant fluctuations in key performance indicators. Liabilities and current assets on revenue show substantial decreases, though with a sharp spike in Q1.  Cost efficiency, measured by the ratio of retained earnings to revenue, displays an increasing negative trend.  Investment efficiency maintains a negative retained earnings on assets trend. Earnings per share show a slight overall increase from Q2 to Q3.