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 141.64 (%).Trend:Increase 286.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71.23 (%).Trend:Decrease 49.71% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 50.33 (%).Trend:Decrease 29.34% than previous quarter

Overall: decreasing (-64.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 315.17 (%).Trend:Increase 302.36% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 149.22 (%).Trend:Decrease 52.65% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 104.2 (%).Trend:Decrease 30.17% than previous quarter

Overall: decreasing (-66.94%). 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 203.63 (%).Trend:Increase 315.32% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 92.84 (%).Trend:Decrease 54.41% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 61.33 (%).Trend:Decrease 33.94% than previous quarter

Overall: decreasing (-69.88%). 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 26.98 (%).Trend:Decrease 1.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 27.06 (%).Trend:Increase 0.3% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.04 (%).Trend:Decrease 0.07% than previous quarter

Overall: increasing (0.22%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.58 (USD).Trend:Decrease 130.21% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.06 (USD).Trend:Decrease 89.66% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.89 (USD).Trend:Decrease 1583.33% than previous quarter

Overall: increasing (-253.45%). Fluctuation: **Significant** (high variation).



Financial analysis reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue decreased substantially (-64.47%) but varied considerably between quarters.  Current assets on revenue also decreased significantly (-66.94%). Cost efficiency, measured by the ratio of retained earnings to revenue, experienced a large overall decrease (-69.88%) with substantial quarterly changes. Investment efficiency exhibits little fluctuation, showing a slight increase in retained earnings on assets. Earnings per share increased overall with significant volatility across the three quarters.