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 95.89 (%).Trend:Increase 160.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.24 (%).Trend:Decrease 48.65% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.57 (%).Trend:Decrease 33.85% than previous quarter

Overall: decreasing (-66.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 157.89 (%).Trend:Increase 118.96% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 81.69 (%).Trend:Decrease 48.26% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 54.0 (%).Trend:Decrease 33.9% than previous quarter

Overall: decreasing (-65.8%). 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 25.76 (%).Trend:Increase 140.75% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 13.81 (%).Trend:Decrease 46.39% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 9.71 (%).Trend:Decrease 29.69% than previous quarter

Overall: decreasing (-62.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.26 (%).Trend:Decrease 12.04% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.48 (%).Trend:Increase 4.18% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.22 (%).Trend:Decrease 4.74% than previous quarter

Overall: decreasing (-0.76%). 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 7.67 (%).Trend:Increase 7.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.03 (%).Trend:Increase 4.69% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 8.55 (%).Trend:Increase 6.48% than previous quarter

Overall: increasing (11.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.49 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.85 (USD).Trend:Increase 73.47% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.19 (USD).Trend:Increase 40.0% than previous quarter

Overall: increasing (142.86%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2021 show a complex financial landscape. Liabilities and current assets on revenue declined significantly, indicating potential working capital issues. Cost efficiency, as measured by the ratio of retained earnings to revenue, also experienced a substantial decrease.  However, the SG&A expense ratio experienced a slight overall decrease.  Meanwhile, retained earnings on assets and earnings per share showed substantial upward trends. The high fluctuation across metrics requires further analysis to understand the underlying drivers and ensure long-term stability.