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 65.22 (%).Trend:Increase 281.18% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 38.05 (%).Trend:Decrease 41.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.49 (%).Trend:Decrease 25.12% than previous quarter

Overall: decreasing (-56.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 520.52 (%).Trend:Increase 254.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 245.09 (%).Trend:Decrease 52.91% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 159.33 (%).Trend:Decrease 34.99% than previous quarter

Overall: decreasing (-69.39%). 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 186.32 (%).Trend:Increase 245.55% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 84.15 (%).Trend:Decrease 54.84% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 54.88 (%).Trend:Decrease 34.78% than previous quarter

Overall: decreasing (-70.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.4 (%).Trend:Increase 4.01% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.87 (%).Trend:Decrease 4.65% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Decrease 1.2% than previous quarter

Overall: decreasing (-5.79%). 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 17.92 (%).Trend:Decrease 3.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.22 (%).Trend:Decrease 3.91% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 17.57 (%).Trend:Increase 2.03% than previous quarter

Overall: decreasing (-1.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 63.64% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.42 (USD).Trend:Increase 75.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.64 (USD).Trend:Increase 52.38% than previous quarter

Overall: increasing (166.67%). Fluctuation: **Significant** (high variation).



Analyzing the Q1-Q3 2021 financial statements reveals a pattern of significant fluctuation across all categories. Working capital, liabilities, and current assets on revenue show declines, while the ratio of retained earnings to revenue demonstrates a considerable overall drop.  Selling, General, and Administrative (SG&A) expense ratio experienced a slight decrease across the period, while investment efficiency, as measured by retained earnings on assets, also decreased slightly.   Earnings per share, however, showed an overall increase over the three quarters.