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 82.26 (%).Trend:Increase 422.62% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.89 (%).Trend:Decrease 56.37% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.59 (%).Trend:Decrease 48.2% than previous quarter

Overall: decreasing (-77.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 96.89 (%).Trend:Increase 193.61% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.53 (%).Trend:Decrease 49.91% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 27.43 (%).Trend:Decrease 43.48% than previous quarter

Overall: decreasing (-71.69%). 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 55.59 (%).Trend:Increase 277.65% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 23.38 (%).Trend:Decrease 57.94% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 16.69 (%).Trend:Decrease 28.61% than previous quarter

Overall: decreasing (-69.98%). 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 16.88 (%).Trend:Decrease 19.89% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 22.21 (%).Trend:Increase 31.58% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 24.64 (%).Trend:Increase 10.94% than previous quarter

Overall: increasing (45.97%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis from Q1 2021 to Q3 2021 reveals a pattern of decreasing trends for working capital efficiency. Liabilities and current assets on revenue both show considerable decrease in Q2 and Q3 of 2021 after a large increase in Q1 2021. Cost efficiency, measured by the ratio of retained earnings to revenue, similarly displays a downward trend with substantial fluctuations over these quarters.  Investment efficiency, however, shows a slight increase.