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 47.51 (%).Trend:Increase 185.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.46 (%).Trend:Decrease 50.62% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 15.76 (%).Trend:Decrease 32.82% than previous quarter

Overall: decreasing (-66.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 50.83 (%).Trend:Increase 188.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 25.27 (%).Trend:Decrease 50.29% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 16.23 (%).Trend:Decrease 35.77% than previous quarter

Overall: decreasing (-68.07%). 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 27.62 (%).Trend:Increase 87.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.56 (%).Trend:Decrease 47.28% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 10.19 (%).Trend:Decrease 30.01% than previous quarter

Overall: decreasing (-63.11%). 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 11.03 (%).Trend:Decrease 34.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.58 (%).Trend:Increase 4.99% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 12.34 (%).Trend:Increase 6.56% than previous quarter

Overall: increasing (11.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.16 (USD).Trend:Decrease 77.78% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.37 (USD).Trend:Increase 131.25% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.59 (USD).Trend:Increase 59.46% than previous quarter

Overall: increasing (268.75%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 reveal a consistent downward trend in several key areas. Working capital efficiency, measured by liabilities and current assets on revenue, is declining with significant volatility. Cost efficiency, as measured by retained earnings to revenue, is also declining and highly variable. Investment efficiency, measured by retained earnings on assets, is increasing, but with minimal fluctuation. Earnings per share is increasing, but with notable quarterly variation.  The overall performance trend is negative in most areas.