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


The analysis reveals substantial volatility in financial metrics for 2021. Working capital efficiency, indicated by liabilities and current assets on revenue, demonstrates significant fluctuations, with large increases and decreases across quarters.  Cost efficiency, in terms of the retained earnings-to-revenue ratio, also shows substantial variation.  In contrast, investment efficiency, measured by retained earnings on assets, displays a neutral, moderate upward trend.  This volatility suggests a need for careful monitoring of performance.