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 67.79 (%).Trend:Increase 193.21% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.04 (%).Trend:Decrease 57.16% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.61 (%).Trend:Decrease 29.03% than previous quarter

Overall: decreasing (-69.6%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 245.21 (%).Trend:Increase 151.29% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.69 (%).Trend:Decrease 66.28% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 59.04 (%).Trend:Decrease 28.6% than previous quarter

Overall: decreasing (-75.92%). 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 20.35 (%).Trend:Increase 83.66% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 8.24 (%).Trend:Decrease 59.51% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 9.43 (%).Trend:Increase 14.44% than previous quarter

Overall: decreasing (-53.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.66 (%).Trend:Decrease 5.62% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.95 (%).Trend:Decrease 3.83% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 41.61 (%).Trend:Decrease 3.12% than previous quarter

Overall: decreasing (-6.83%). 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 2.23 (%).Trend:Decrease 32.42% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.1 (%).Trend:Decrease 5.83% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.63 (%).Trend:Increase 72.86% than previous quarter

Overall: increasing (62.78%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -1.07 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.36 (USD).Trend:Increase 27.1% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.02 (USD).Trend:Decrease 98.53% than previous quarter

Overall: increasing (-98.13%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 highlights significant volatility in key metrics. Liabilities on revenue declined overall despite a significant increase in Q1, displaying significant fluctuations.  Current assets on revenue also showed a substantial decrease. Cost efficiency, reflected in the decreasing ratio of retained earnings to revenue, experienced substantial fluctuation.  SG&A expense ratio decreased steadily with minimal fluctuation. Investment efficiency showed an overall increase in retained earnings on assets, experiencing significant fluctuations. Earning per share data shows significant fluctuation and negative values.