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 77.22 (%).Trend:Increase 285.91% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.06 (%).Trend:Decrease 58.48% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.23 (%).Trend:Decrease 36.9% than previous quarter

Overall: decreasing (-73.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 160.04 (%).Trend:Increase 191.14% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 68.03 (%).Trend:Decrease 57.49% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 47.01 (%).Trend:Decrease 30.9% than previous quarter

Overall: decreasing (-70.63%). 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 40.99 (%).Trend:Increase 235.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 22.49 (%).Trend:Decrease 45.13% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 17.6 (%).Trend:Decrease 21.74% than previous quarter

Overall: decreasing (-57.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.58 (%).Trend:Increase 14.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.11 (%).Trend:Decrease 18.49% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.47 (%).Trend:Increase 1.49% than previous quarter

Overall: decreasing (-17.28%). 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 13.98 (%).Trend:Increase 4.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 18.77 (%).Trend:Increase 34.26% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 21.84 (%).Trend:Increase 16.36% than previous quarter

Overall: increasing (56.22%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.17 (USD).Trend:Decrease 91.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.95 (USD).Trend:Increase 1635.29% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.74 (USD).Trend:Increase 60.68% than previous quarter

Overall: increasing (2688.24%). Fluctuation: **Significant** (high variation).



The financial data for Q1 2021 to Q3 2021 reveals significant fluctuations in various financial ratios.  Working capital efficiency, liabilities on revenue, and current assets on revenue have all decreased significantly, indicating potentially concerning cash flow issues.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also declining, mirroring the overall negative trend.  In contrast, invest efficiency and earning per share show positive growth, although significant fluctuations are evident in all metrics.