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 92.03 (%).Trend:Increase 212.39% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.01 (%).Trend:Decrease 48.92% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34.01 (%).Trend:Decrease 27.65% than previous quarter

Overall: decreasing (-63.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 221.23 (%).Trend:Increase 233.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.98 (%).Trend:Decrease 56.62% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 56.21 (%).Trend:Decrease 41.44% than previous quarter

Overall: decreasing (-74.59%). 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 29.4 (%).Trend:Increase 130.41% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 15.59 (%).Trend:Decrease 46.97% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 10.94 (%).Trend:Decrease 29.83% than previous quarter

Overall: decreasing (-62.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.82 (%).Trend:Decrease 11.94% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.41 (%).Trend:Increase 9.45% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.4 (%).Trend:Decrease 5.49% than previous quarter

Overall: increasing (3.45%). 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 7.32 (%).Trend:Decrease 15.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 7.93 (%).Trend:Increase 8.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 9.32 (%).Trend:Increase 17.53% than previous quarter

Overall: increasing (27.32%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -3.27 (USD).Trend:Increase 31.85% than previous quarter
Year 2021 Quarter 2: Earning Per Share -3.44 (USD).Trend:Increase 5.2% than previous quarter
Year 2021 Quarter 3: Earning Per Share -2.42 (USD).Trend:Decrease 29.65% than previous quarter

Overall: increasing (-25.99%). Fluctuation: **Significant** (high variation).



Analysis of financial statements from 2021 Q1-Q3 shows substantial fluctuations in key financial indicators.  Working capital efficiency metrics displayed significant, yet fluctuating, decreases. Cost efficiency, measured by the retained earnings-to-revenue ratio, declined significantly.  SG&A expense ratio showed little fluctuation.  Investment efficiency experienced a modest upward trend in retained earnings on assets. Earnings per share showed a mixed trend with significant volatility.