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 174.23 (%).Trend:Increase 83.23% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 87.35 (%).Trend:Decrease 49.87% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 59.09 (%).Trend:Decrease 32.35% than previous quarter

Overall: decreasing (-66.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 292.65 (%).Trend:Increase 722.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 167.44 (%).Trend:Decrease 42.78% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 113.39 (%).Trend:Decrease 32.28% than previous quarter

Overall: decreasing (-61.25%). 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 -2937.47 (%).Trend:Increase 143.2% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1432.36 (%).Trend:Decrease 51.24% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -824.12 (%).Trend:Decrease 42.46% than previous quarter

Overall: increasing (-71.94%). 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 -352.42 (%).Trend:Decrease 8.28% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -327.69 (%).Trend:Decrease 7.02% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -300.46 (%).Trend:Decrease 8.31% than previous quarter

Overall: increasing (-14.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.97 (USD).Trend:Decrease 112.47% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.42 (USD).Trend:Increase 46.39% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.2 (USD).Trend:Increase 54.93% than previous quarter

Overall: increasing (126.8%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2021 to Q3 2021 highlights significant fluctuations.  Liabilities on revenue and current assets on revenue both decreased, but with substantial quarterly variations.  The ratio of retained earnings to revenue showed an overall increase, yet with highly volatile quarterly changes.  Investment efficiency also saw an overall increase but with a high degree of fluctuation. Earnings per share experienced significant increases and decreases, resulting in a net positive increase.