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 115.79 (%).Trend:Increase 187.61% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 59.06 (%).Trend:Decrease 48.99% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 38.97 (%).Trend:Decrease 34.02% than previous quarter

Overall: decreasing (-66.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 109.56 (%).Trend:Increase 214.02% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.31 (%).Trend:Decrease 54.99% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 31.12 (%).Trend:Decrease 36.89% than previous quarter

Overall: decreasing (-71.6%). 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 212.57 (%).Trend:Increase 207.14% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 104.66 (%).Trend:Decrease 50.76% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 72.07 (%).Trend:Decrease 31.14% than previous quarter

Overall: decreasing (-66.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.21 (%).Trend:Decrease 20.16% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.6 (%).Trend:Increase 3.48% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.46 (%).Trend:Decrease 1.21% than previous quarter

Overall: increasing (2.23%). Fluctuation: **Little** (low 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 25.45 (%).Trend:Increase 5.12% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.66 (%).Trend:Increase 4.75% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.54 (%).Trend:Increase 3.3% than previous quarter

Overall: increasing (8.21%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 to Q3 2021 show substantial decreases in working capital efficiency. Liabilities and current assets on revenue declined significantly. The retained earnings-to-revenue ratio also decreased sharply.  Selling, general, and administrative (SG&A) expense ratios trended upward.  Investment efficiency remained consistently positive, with a moderate increase in retained earnings on assets.  These results indicate substantial volatility in key metrics.