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 66.61 (%).Trend:Increase 172.66% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 50.67 (%).Trend:Decrease 23.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.3 (%).Trend:Decrease 40.2% than previous quarter

Overall: decreasing (-54.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 150.36 (%).Trend:Increase 188.6% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 145.61 (%).Trend:Decrease 3.16% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 78.03 (%).Trend:Decrease 46.41% than previous quarter

Overall: decreasing (-48.1%). 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 85.11 (%).Trend:Increase 152.78% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 78.54 (%).Trend:Decrease 7.72% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 49.66 (%).Trend:Decrease 36.77% than previous quarter

Overall: decreasing (-41.65%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.82 (%).Trend:Decrease 24.51% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.17 (%).Trend:Increase 35.34% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.99 (%).Trend:Decrease 3.48% than previous quarter

Overall: increasing (30.63%). 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 15.74 (%).Trend:Decrease 5.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.56 (%).Trend:Increase 24.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.75 (%).Trend:Increase 6.08% than previous quarter

Overall: increasing (31.83%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.43 (USD).Trend:Increase 230.77% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.5 (USD).Trend:Decrease 448.84% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.43 (USD).Trend:Decrease 4.67% than previous quarter

Overall: increasing (-432.56%). Fluctuation: **Significant** (high variation).



Financial performance for Q1-Q3 2021 shows noteworthy fluctuations. Liabilities and current assets on revenue decreased considerably, suggesting operational efficiency issues. The ratio of retained earnings to revenue declined, contrasting with a slightly increasing trend in SG&A expenses.  Investment efficiency saw steady growth in retained earnings on assets, yet earnings per share exhibited substantial volatility.