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 56.21 (%).Trend:Increase 194.6% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.79 (%).Trend:Decrease 41.67% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 25.21 (%).Trend:Decrease 23.12% than previous quarter

Overall: decreasing (-55.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 275.57 (%).Trend:Increase 241.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 152.89 (%).Trend:Decrease 44.52% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 100.74 (%).Trend:Decrease 34.11% than previous quarter

Overall: decreasing (-63.44%). 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 94.26 (%).Trend:Increase 321.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 55.61 (%).Trend:Decrease 41.0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 42.67 (%).Trend:Decrease 23.27% than previous quarter

Overall: decreasing (-54.73%). 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 23.07 (%).Trend:Increase 36.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 25.4 (%).Trend:Increase 10.1% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.2 (%).Trend:Increase 7.09% than previous quarter

Overall: increasing (17.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.44 (USD).Trend:Decrease 56.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 86.36% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.21 (USD).Trend:Increase 47.56% than previous quarter

Overall: increasing (175.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2021 to Q3 2021 shows a mixed picture. Working capital efficiency shows a decrease in both liabilities and current assets on revenue, but with high volatility.  Cost efficiency reveals a significant decrease in the retained earnings to revenue ratio, highlighting unstable profitability.  Investment efficiency demonstrates a steady increase in retained earnings on assets, indicating potential stability in capital investment. Earning per share shows a fluctuating, upward trend, with significant quarterly variations.  The data suggests ongoing adjustment and possible restructuring.