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 98.31 (%).Trend:Increase 289.35% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 87.52 (%).Trend:Decrease 10.98% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 61.04 (%).Trend:Decrease 30.26% than previous quarter

Overall: decreasing (-37.91%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 129.33 (%).Trend:Increase 249.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 47.52 (%).Trend:Decrease 63.26% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 44.99 (%).Trend:Decrease 5.32% than previous quarter

Overall: decreasing (-65.21%). 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 15.3 (%).Trend:Increase 3.17% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4.85 (%).Trend:Decrease 68.3% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 7.06 (%).Trend:Increase 45.57% than previous quarter

Overall: decreasing (-53.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.46 (%).Trend:Increase 53.49% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.14 (%).Trend:Decrease 21.88% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.1 (%).Trend:Decrease 11.63% than previous quarter

Overall: decreasing (-30.96%). 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 0.99 (%).Trend:Decrease 71.95% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.83 (%).Trend:Decrease 16.16% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 2.07 (%).Trend:Increase 149.4% than previous quarter

Overall: increasing (109.09%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q1 2021 to Q3 2021 reveals a mixed bag of results. Working capital is characterized by decreasing liabilities and current assets on revenue, albeit with substantial variation. Cost efficiency metrics, like the ratio of retained earnings to revenue and SG&A expense ratio, show overall declines.  Investment efficiency, conversely, shows an increase in retained earnings on assets. The notable fluctuation in all metrics warrants further investigation for precise financial positioning.