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 62.02 (%).Trend:Increase 194.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36.02 (%).Trend:Decrease 41.92% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.48 (%).Trend:Decrease 20.93% than previous quarter

Overall: decreasing (-54.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 201.81 (%).Trend:Increase 222.02% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 93.47 (%).Trend:Decrease 53.68% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 56.87 (%).Trend:Decrease 39.16% than previous quarter

Overall: decreasing (-71.82%). 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 73.89 (%).Trend:Increase 137.89% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 42.3 (%).Trend:Decrease 42.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 29.37 (%).Trend:Decrease 30.57% than previous quarter

Overall: decreasing (-60.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.73 (%).Trend:Decrease 34.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.81 (%).Trend:Increase 18.85% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.53 (%).Trend:Decrease 4.11% than previous quarter

Overall: increasing (13.96%). 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 23.2 (%).Trend:Decrease 9.13% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 21.22 (%).Trend:Decrease 8.53% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 21.75 (%).Trend:Increase 2.5% than previous quarter

Overall: decreasing (-6.25%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.86 (USD).Trend:Decrease 221.57% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.77 (USD).Trend:Increase 210.22% than previous quarter
Year 2021 Quarter 3: Earning Per Share 8.17 (USD).Trend:Increase 41.59% than previous quarter

Overall: increasing (339.25%). Fluctuation: **Significant** (high variation).



Financial review of Q1 2021 to Q3 2021 shows considerable instability in many areas. Working capital efficiency metrics like liabilities and current assets on revenue exhibit significant downward trends and substantial fluctuations. Cost efficiency (retained earnings ratio) is also significantly decreasing.  SG&A expenses show an overall upward trend, though with minor fluctuations. Investment efficiency (retained earnings on assets) remains consistently decreasing with little fluctuation.  Earnings per share experience significant variation but demonstrate an overall increase.  The analysis indicates a period of significant financial instability with some positive signals.