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 1728.26 (%).Trend:Increase 26.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 803.61 (%).Trend:Decrease 53.5% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 523.01 (%).Trend:Decrease 34.92% than previous quarter

Overall: decreasing (-69.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 2796.07 (%).Trend:Increase 86.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1257.31 (%).Trend:Decrease 55.03% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 793.14 (%).Trend:Decrease 36.92% than previous quarter

Overall: decreasing (-71.63%). 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 -2029.91 (%).Trend:Increase 205.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1007.26 (%).Trend:Decrease 50.38% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -672.76 (%).Trend:Decrease 33.21% than previous quarter

Overall: increasing (-66.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 65.89 (%).Trend:Decrease 38.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 68.42 (%).Trend:Increase 3.84% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 67.11 (%).Trend:Decrease 1.91% than previous quarter

Overall: increasing (1.85%). 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 -40.72 (%).Trend:Increase 57.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -43.94 (%).Trend:Increase 7.91% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -46.3 (%).Trend:Increase 5.37% than previous quarter

Overall: decreasing (13.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 111.33% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.45 (USD).Trend:Decrease 45.12% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.38 (USD).Trend:Decrease 15.56% than previous quarter

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



Financial analysis for Q1-Q3 2021 shows a pattern of significant fluctuations across various key performance indicators. Liabilities and current assets on revenue exhibit considerable instability, increasing and decreasing significantly throughout the three quarters. Cost efficiency metrics, including the ratio of retained earnings to revenue and SG&A expenses, display a negative trend, marked by notable volatility.  Investment efficiency, as measured by retained earnings on assets and earnings per share, demonstrates a consistent downward trend with substantial swings in each quarter.  Immediate analysis of these trends is critical to identify underlying causes and potential remedial actions.