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 90.6 (%).Trend:Increase 204.54% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.53 (%).Trend:Decrease 48.64% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 36.47 (%).Trend:Decrease 21.62% than previous quarter

Overall: decreasing (-59.75%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 217.08 (%).Trend:Increase 76.37% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 108.44 (%).Trend:Decrease 50.05% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 72.11 (%).Trend:Decrease 33.5% than previous quarter

Overall: decreasing (-66.78%). 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 -366.98 (%).Trend:Increase 10.55% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -164.53 (%).Trend:Decrease 55.17% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -100.01 (%).Trend:Decrease 39.21% than previous quarter

Overall: increasing (-72.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.3 (%).Trend:Decrease 53.36% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.24 (%).Trend:Decrease 11.4% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.88 (%).Trend:Decrease 4.37% than previous quarter

Overall: decreasing (-15.27%). 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 -72.64 (%).Trend:Decrease 23.9% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -69.21 (%).Trend:Decrease 4.72% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -63.54 (%).Trend:Decrease 8.19% than previous quarter

Overall: increasing (-12.53%). Fluctuation: **Significant** (high variation).

Earning Per Share


Q1-Q3 2021 financial analysis shows significant fluctuations.  Liabilities on revenue decreased by 59.75%, current assets dropped by 66.78%.  Ratio of retained earnings to revenue improved significantly (-72.75%), while SG&A expense ratio decreased modestly (-15.27%).  Retained earnings on assets showed an increase of -12.53%, with notable volatility across the quarters.