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 62.44 (%).Trend:Increase 209.42% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.28 (%).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 22.98 (%).Trend:Decrease 34.86% than previous quarter

Overall: decreasing (-63.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 173.68 (%).Trend:Increase 233.23% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 75.98 (%).Trend:Decrease 56.25% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 50.0 (%).Trend:Decrease 34.19% than previous quarter

Overall: decreasing (-71.21%). 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 72.04 (%).Trend:Increase 211.73% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 36.61 (%).Trend:Decrease 49.18% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 24.57 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-65.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.63 (%).Trend:Increase 8.43% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.57 (%).Trend:Decrease 3.98% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.78 (%).Trend:Increase 0.82% than previous quarter

Overall: decreasing (-3.19%). Fluctuation: **Little** (low 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 20.35 (%).Trend:Decrease 16.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 21.58 (%).Trend:Increase 6.04% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 22.08 (%).Trend:Increase 2.32% than previous quarter

Overall: increasing (8.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 101.32% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.44 (USD).Trend:Increase 2100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.82 (USD).Trend:Increase 86.36% than previous quarter

Overall: increasing (4000.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2021 to Q3 2021 presents a mixed picture.  Working capital efficiency (liabilities and current assets on revenue) declined significantly, indicating potential operational challenges.  Cost efficiency (ratio of retained earnings to revenue) also fell significantly.  However, the selling, general, and administrative expense ratio showed a modest decrease, while investment efficiency (retained earnings on assets) increased slightly. Earnings per share demonstrated a sharp, yet volatile, increase. The data suggest fluctuating profitability and operational effectiveness.