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 36.78 (%).Trend:Increase 208.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 19.22 (%).Trend:Decrease 47.74% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 12.87 (%).Trend:Decrease 33.04% than previous quarter

Overall: decreasing (-65.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 65.79 (%).Trend:Increase 292.07% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 34.26 (%).Trend:Decrease 47.93% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 20.23 (%).Trend:Decrease 40.95% than previous quarter

Overall: decreasing (-69.25%). 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 42.97 (%).Trend:Increase 241.3% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 20.83 (%).Trend:Decrease 51.52% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 11.59 (%).Trend:Decrease 44.36% than previous quarter

Overall: decreasing (-73.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.43 (%).Trend:Increase 19.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.6 (%).Trend:Decrease 12.91% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.16 (%).Trend:Decrease 7.86% than previous quarter

Overall: decreasing (-19.75%). Fluctuation: **Neutral** (moderate 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 21.23 (%).Trend:Decrease 10.61% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 21.85 (%).Trend:Increase 2.92% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 19.74 (%).Trend:Decrease 9.66% than previous quarter

Overall: decreasing (-7.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 126.55% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.8 (USD).Trend:Increase 166.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.06 (USD).Trend:Decrease 92.5% than previous quarter

Overall: decreasing (-80.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2021 show a declining trend across most financial metrics. Liabilities on revenue, current assets on revenue, the ratio of retained earnings to revenue, and earnings per share all exhibit decreasing overall trends. While the Selling, General, and Administrative (SG&A) expense ratio displays a downward trend, it is considered stable compared to the other metrics. Investment efficiency (retained earnings on assets) is also decreasing but with a relatively smaller variation. The high volatility of most metrics is a key takeaway.