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 83.7 (%).Trend:Increase 184.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 38.34 (%).Trend:Decrease 54.19% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 23.34 (%).Trend:Decrease 39.12% than previous quarter

Overall: decreasing (-72.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 67.86 (%).Trend:Increase 259.24% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 34.02 (%).Trend:Decrease 49.87% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 22.86 (%).Trend:Decrease 32.8% than previous quarter

Overall: decreasing (-66.31%). 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 12.2 (%).Trend:Increase 335.71% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 7.2 (%).Trend:Decrease 40.98% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 5.12 (%).Trend:Decrease 28.89% than previous quarter

Overall: decreasing (-58.03%). 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 2.48 (%).Trend:Increase 50.3% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.93 (%).Trend:Increase 18.15% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.17 (%).Trend:Increase 8.19% than previous quarter

Overall: increasing (27.82%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 92.86% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.13 (USD).Trend:Increase 333.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.17 (USD).Trend:Increase 30.77% than previous quarter

Overall: increasing (466.67%). Fluctuation: **Significant** (high variation).



Q1-Q3 2021 data reveals significant volatility. Liabilities on revenue decreased (-72.11%), while current assets on revenue also decreased (-66.31%).  The ratio of retained earnings to revenue decreased (-58.03%). Retained earnings on assets showed moderate growth (27.82%), and earnings per share increased substantially (466.67%).  These large fluctuations require further analysis.