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 131.86 (%).Trend:Increase 227.03% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.26 (%).Trend:Decrease 51.27% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 42.1 (%).Trend:Decrease 34.48% than previous quarter

Overall: decreasing (-68.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 185.56 (%).Trend:Increase 271.19% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 94.08 (%).Trend:Decrease 49.3% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 62.22 (%).Trend:Decrease 33.86% than previous quarter

Overall: decreasing (-66.47%). 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 -55.32 (%).Trend:Increase 251.02% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -24.57 (%).Trend:Decrease 55.59% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -14.16 (%).Trend:Decrease 42.37% than previous quarter

Overall: increasing (-74.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.7 (%).Trend:Increase 9.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.45 (%).Trend:Decrease 6.76% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.39 (%).Trend:Decrease 1.74% than previous quarter

Overall: decreasing (-8.38%). 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 -20.17 (%).Trend:Decrease 3.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -18.25 (%).Trend:Decrease 9.52% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -16.14 (%).Trend:Decrease 11.56% than previous quarter

Overall: increasing (-19.98%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.1 (USD).Trend:Increase 25.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.33 (USD).Trend:Increase 230.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.75 (USD).Trend:Increase 127.27% than previous quarter

Overall: increasing (650.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2021 show volatile performance.  Working capital efficiency, with fluctuating liabilities and current assets on revenue, highlights a dynamic cash flow situation. Cost efficiency shows mixed results, with the SG&A expense ratio demonstrating relative stability. However, the retained earnings to revenue ratio displays a significant but inconsistent trend, indicating potential issues with profitability. Investment efficiency, as measured by retained earnings on assets, also exhibits significant fluctuations, suggesting instability in asset management. Earnings per share saw a substantial increase, indicating potential growth in profits; however, this should be evaluated with awareness of quarterly fluctuations.