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 149.8 (%).Trend:Increase 186.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 72.53 (%).Trend:Decrease 51.58% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 45.9 (%).Trend:Decrease 36.72% than previous quarter

Overall: decreasing (-69.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 242.73 (%).Trend:Increase 230.47% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 120.8 (%).Trend:Decrease 50.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 79.76 (%).Trend:Decrease 33.97% than previous quarter

Overall: decreasing (-67.14%). 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 -118.31 (%).Trend:Increase 188.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -54.68 (%).Trend:Decrease 53.78% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -34.39 (%).Trend:Decrease 37.11% than previous quarter

Overall: increasing (-70.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.77 (%).Trend:Decrease 6.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.12 (%).Trend:Decrease 2.85% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.73 (%).Trend:Decrease 1.76% than previous quarter

Overall: decreasing (-4.57%). 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 -25.18 (%).Trend:Decrease 4.59% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -24.19 (%).Trend:Decrease 3.93% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -23.44 (%).Trend:Decrease 3.1% than previous quarter

Overall: increasing (-6.91%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.09 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.12 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.28 (USD).Trend:Increase 133.33% than previous quarter

Overall: increasing (211.11%). Fluctuation: **Significant** (high variation).



The financial statements reveal considerable fluctuation in several key metrics.  Working capital efficiency exhibits significant variation in liabilities and current assets on revenue. Cost efficiency demonstrates a steady decrease in SG&A expense, while the retained earnings-to-revenue ratio is increasing but with considerable volatility. Investment efficiency shows a generally increasing trend for retained earnings on assets, though with considerable variation. Earnings per share displays significant fluctuation, with substantial growth followed by a sharp drop and subsequent recovery.