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 94.38 (%).Trend:Increase 165.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.24 (%).Trend:Decrease 53.13% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.17 (%).Trend:Decrease 34.06% than previous quarter

Overall: decreasing (-69.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 27.65 (%).Trend:Increase 118.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 11.97 (%).Trend:Decrease 56.71% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 7.83 (%).Trend:Decrease 34.59% than previous quarter

Overall: decreasing (-71.68%). 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 -85.56 (%).Trend:Increase 123.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.92 (%).Trend:Decrease 56.85% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -24.68 (%).Trend:Decrease 33.15% than previous quarter

Overall: increasing (-71.15%). 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 -25.72 (%).Trend:Decrease 4.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.48 (%).Trend:Decrease 8.71% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -23.58 (%).Trend:Increase 0.43% than previous quarter

Overall: increasing (-8.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 146.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.71 (USD).Trend:Increase 119.23% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.74 (USD).Trend:Increase 1.75% than previous quarter

Overall: increasing (123.08%). Fluctuation: **Significant** (high variation).



Financial statement analysis for Q1-Q3 2021 shows extreme volatility. Liabilities and current assets on revenue declined considerably, but with significant swings.  The retained earnings-to-revenue ratio shows a notable increase overall, yet with extreme quarter-to-quarter variability.  Investment efficiency (retained earnings on assets) trended upward with some quarter-to-quarter volatility.  Earnings per share also demonstrated significant increases overall but with notable quarter-to-quarter variations.