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 55.37 (%).Trend:Increase 211.59% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.41 (%).Trend:Decrease 48.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 19.9 (%).Trend:Decrease 29.95% than previous quarter

Overall: decreasing (-64.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 151.96 (%).Trend:Increase 229.49% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 76.82 (%).Trend:Decrease 49.45% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 52.41 (%).Trend:Decrease 31.78% than previous quarter

Overall: decreasing (-65.51%). 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 165.2 (%).Trend:Increase 248.3% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 81.22 (%).Trend:Decrease 50.84% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 53.88 (%).Trend:Decrease 33.66% than previous quarter

Overall: decreasing (-67.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.86 (%).Trend:Decrease 1.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.74 (%).Trend:Decrease 0.55% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.31 (%).Trend:Decrease 1.98% than previous quarter

Overall: decreasing (-2.52%). 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 54.92 (%).Trend:Increase 5.19% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 54.33 (%).Trend:Decrease 1.07% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 54.69 (%).Trend:Increase 0.66% than previous quarter

Overall: decreasing (-0.42%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q1 to Q3 2021 reveals a concerning downward trend in key performance metrics. Working capital efficiency, measured by liabilities and current assets on revenue, declined significantly (-64.06% and -65.51%, respectively). Cost efficiency, represented by the retained earnings-to-revenue ratio, decreased substantially (-67.38%). While the Selling, General, and Administrative (SG&A) expense ratio showed a stable decrease, and investment efficiency (retained earnings on assets) exhibited minimal change, overall, the data signifies a notable decline in financial performance.