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 53.86 (%).Trend:Increase 193.68% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 27.52 (%).Trend:Decrease 48.9% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.47 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-65.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 72.99 (%).Trend:Increase 178.59% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 34.29 (%).Trend:Decrease 53.02% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 25.76 (%).Trend:Decrease 24.88% than previous quarter

Overall: decreasing (-64.71%). 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 46.88 (%).Trend:Increase 263.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 23.72 (%).Trend:Decrease 49.4% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 17.01 (%).Trend:Decrease 28.29% than previous quarter

Overall: decreasing (-63.72%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.92 (%).Trend:Decrease 4.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.96 (%).Trend:Decrease 3.44% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.66 (%).Trend:Decrease 1.11% than previous quarter

Overall: decreasing (-4.51%). 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 18.12 (%).Trend:Increase 24.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.53 (%).Trend:Increase 7.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.69 (%).Trend:Increase 5.94% than previous quarter

Overall: increasing (14.18%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 to Q3 of 2021 show significant volatility in working capital. Liabilities and current assets on revenue fluctuated greatly. The retained earnings to revenue ratio also experienced substantial fluctuations. The SG&A expense ratio showed a stable decrease.  Investment efficiency, as measured by retained earnings on assets, saw a steady, albeit moderate increase.