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 109.62 (%).Trend:Increase 55.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.26 (%).Trend:Decrease 38.64% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 44.14 (%).Trend:Decrease 34.37% than previous quarter

Overall: decreasing (-59.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 519.58 (%).Trend:Increase 58.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 251.37 (%).Trend:Decrease 51.62% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 263.28 (%).Trend:Increase 4.74% than previous quarter

Overall: decreasing (-49.33%). 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 -647.99 (%).Trend:Increase 111.69% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -373.71 (%).Trend:Decrease 42.33% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -287.32 (%).Trend:Decrease 23.12% than previous quarter

Overall: increasing (-55.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 71.12 (%).Trend:Decrease 5.44% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 80.11 (%).Trend:Increase 12.64% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 80.51 (%).Trend:Increase 0.5% than previous quarter

Overall: increasing (13.2%). 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 -110.46 (%).Trend:Increase 26.5% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -129.42 (%).Trend:Increase 17.16% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -99.13 (%).Trend:Decrease 23.4% than previous quarter

Overall: increasing (-10.26%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q1-Q3 2021 reveals significant fluctuations in key financial metrics. Liabilities on revenue and current assets on revenue decreased considerably, suggesting potential working capital challenges.  The ratio of retained earnings to revenue showed improvement, while SG&A expenses increased marginally. Retained earnings on assets also increased, but with high variability. These findings warrant further investigation.