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 94.25 (%).Trend:Increase 218.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.84 (%).Trend:Decrease 48.18% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 38.69 (%).Trend:Decrease 20.78% than previous quarter

Overall: decreasing (-58.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 839.54 (%).Trend:Increase 221.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 440.44 (%).Trend:Decrease 47.54% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 296.09 (%).Trend:Decrease 32.77% than previous quarter

Overall: decreasing (-64.73%). 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 312.21 (%).Trend:Increase 169.03% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 148.77 (%).Trend:Decrease 52.35% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 86.28 (%).Trend:Decrease 42.0% than previous quarter

Overall: decreasing (-72.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.59 (%).Trend:Increase 7.33% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.66 (%).Trend:Increase 4.35% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.71 (%).Trend:Increase 0.19% than previous quarter

Overall: increasing (4.55%). 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 32.08 (%).Trend:Decrease 17.08% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.22 (%).Trend:Decrease 8.92% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 25.25 (%).Trend:Decrease 13.59% than previous quarter

Overall: decreasing (-21.29%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.45 (USD).Trend:Decrease 53.61% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.88 (USD).Trend:Increase 95.56% than previous quarter
Year 2021 Quarter 3: Earning Per Share -1.37 (USD).Trend:Increase 55.68% than previous quarter

Overall: decreasing (204.44%). Fluctuation: **Significant** (high variation).



From Q1 2021 to Q3 2021, substantial volatility is evident. Working capital, indicated by liabilities and current assets on revenue, decreased overall, showing significant quarterly changes.  Cost efficiency metrics reveal a significant decrease in retained earnings relative to revenue, while SG&A expenses increased modestly. Investment efficiency displays a decline in retained earnings on assets and earnings per share, marked by large fluctuations.