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 52.86 (%).Trend:Increase 139.95% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.92 (%).Trend:Decrease 43.4% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 17.65 (%).Trend:Decrease 41.01% than previous quarter

Overall: decreasing (-66.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 66.67 (%).Trend:Increase 148.12% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 32.45 (%).Trend:Decrease 51.33% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 20.31 (%).Trend:Decrease 37.41% than previous quarter

Overall: decreasing (-69.54%). 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 71.43 (%).Trend:Increase 95.48% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 31.56 (%).Trend:Decrease 55.82% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 19.46 (%).Trend:Decrease 38.34% than previous quarter

Overall: decreasing (-72.76%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.89 (%).Trend:Decrease 18.88% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.73 (%).Trend:Decrease 8.47% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.6 (%).Trend:Decrease 7.51% than previous quarter

Overall: decreasing (-15.34%). 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 27.84 (%).Trend:Decrease 13.33% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.93 (%).Trend:Decrease 3.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.21 (%).Trend:Increase 1.04% than previous quarter

Overall: decreasing (-2.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.49 (USD).Trend:Decrease 80.97% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.83 (USD).Trend:Decrease 44.3% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.08 (USD).Trend:Decrease 109.64% than previous quarter

Overall: increasing (-105.37%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2021 reveals significant fluctuations in most key areas.  Working capital efficiency, reflected in liabilities and current assets on revenue, experienced substantial decreases over the period.  Cost efficiency, as measured by retained earnings to revenue, declined significantly throughout the period. Conversely, the SG&A expense ratio decreased steadily.  Investment efficiency, characterized by retained earnings on assets, decreased slightly but showed less volatility.  Earnings per share, however, exhibited significant variation, with increases offset by considerable decreases in the three quarters.