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 143.99 (%).Trend:Increase 224.59% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.83 (%).Trend:Decrease 52.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 43.58 (%).Trend:Decrease 35.75% than previous quarter

Overall: decreasing (-69.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 175.56 (%).Trend:Increase 224.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 78.63 (%).Trend:Decrease 55.21% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 50.18 (%).Trend:Decrease 36.18% than previous quarter

Overall: decreasing (-71.42%). 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 104.3 (%).Trend:Increase 198.26% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 51.24 (%).Trend:Decrease 50.87% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 35.06 (%).Trend:Decrease 31.58% than previous quarter

Overall: decreasing (-66.39%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.38 (%).Trend:Increase 9.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.97 (%).Trend:Decrease 2.67% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.83 (%).Trend:Decrease 0.94% than previous quarter

Overall: decreasing (-3.58%). 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 10.76 (%).Trend:Decrease 0.65% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.4 (%).Trend:Increase 5.95% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 12.21 (%).Trend:Increase 7.11% than previous quarter

Overall: increasing (13.48%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 70.73% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.43 (USD).Trend:Increase 258.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 102.33% than previous quarter

Overall: increasing (625.0%). Fluctuation: **Significant** (high variation).



The provided financial statements show a mixed picture of financial performance for 2021.  Working capital efficiency, judged by liabilities and current assets as a percentage of revenue, is declining significantly and erratically.  Cost efficiency, measured by the ratio of retained earnings to revenue, is also decreasing dramatically.  However, the Selling, General, and Administrative (SG&A) expense ratio is decreasing more steadily.  Investment efficiency, as measured by retained earnings on assets, shows a slight uptrend, while earnings per share experience substantial, volatile growth.  This data suggests significant challenges in maintaining consistent financial performance across various operational areas.