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 58.32 (%).Trend:Increase 176.01% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.55 (%).Trend:Decrease 49.33% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 21.76 (%).Trend:Decrease 26.36% than previous quarter

Overall: decreasing (-62.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 58.7 (%).Trend:Increase 85.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28.13 (%).Trend:Decrease 52.08% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 24.7 (%).Trend:Decrease 12.19% than previous quarter

Overall: decreasing (-57.92%). 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 -55.84 (%).Trend:Increase 169.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -20.43 (%).Trend:Decrease 63.41% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -7.53 (%).Trend:Decrease 63.14% than previous quarter

Overall: increasing (-86.52%). 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 -27.43 (%).Trend:Increase 6.15% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -20.01 (%).Trend:Decrease 27.05% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -10.87 (%).Trend:Decrease 45.68% than previous quarter

Overall: increasing (-60.37%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 151.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.17 (USD).Trend:Increase 129.41% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.11 (USD).Trend:Increase 80.34% than previous quarter

Overall: increasing (313.73%). Fluctuation: **Significant** (high variation).



Financial performance for Q1-Q3 2021 shows significant fluctuation in working capital efficiency, cost efficiency, and investment efficiency.  Liabilities on revenue increased dramatically in Q1 2021, then decreased before increasing again, indicating instability. Current assets on revenue also show a similar trend, with substantial changes across the quarters. Retained earnings to revenue experienced a large increase in Q1 2021, followed by substantial decreases, suggesting volatile profitability.  Earnings per share had a large decrease in Q1 2021, and then increased substantially, followed by another decrease, indicating substantial profit variability.  Overall, a pattern of significant fluctuation and a lack of consistent improvement is observed across all metrics.