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 67.39 (%).Trend:Increase 178.13% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.93 (%).Trend:Decrease 57.07% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.36 (%).Trend:Decrease 1.97% than previous quarter

Overall: decreasing (-57.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 191.47 (%).Trend:Increase 147.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 81.68 (%).Trend:Decrease 57.34% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 63.74 (%).Trend:Decrease 21.96% than previous quarter

Overall: decreasing (-66.71%). 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 40.32 (%).Trend:Increase 260.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 18.9 (%).Trend:Decrease 53.12% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 12.79 (%).Trend:Decrease 32.33% than previous quarter

Overall: decreasing (-68.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.26 (%).Trend:Increase 30.75% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.05 (%).Trend:Decrease 16.67% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.31 (%).Trend:Decrease 4.61% than previous quarter

Overall: decreasing (-20.51%). 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 7.49 (%).Trend:Increase 26.95% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.67 (%).Trend:Increase 15.75% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 8.28 (%).Trend:Decrease 4.5% than previous quarter

Overall: increasing (10.55%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 100.65% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.64 (USD).Trend:Increase 2033.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.94 (USD).Trend:Increase 46.87% than previous quarter

Overall: increasing (3033.33%). Fluctuation: **Significant** (high variation).



Q1-Q3 2021 financial statements show considerable volatility.  Liabilities and current assets on revenue decreased significantly. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits considerable decreases. The SG&A expense ratio also shows a downward trend.  Investment efficiency displays a small increase in retained earnings on assets, with little variation. Earnings per share demonstrates a pattern of significant increases and decreases, exhibiting high volatility.