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 347.75 (%).Trend:Increase 151.41% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 171.58 (%).Trend:Decrease 50.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 123.73 (%).Trend:Decrease 27.89% than previous quarter

Overall: decreasing (-64.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 282.5 (%).Trend:Increase 162.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 140.89 (%).Trend:Decrease 50.13% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 98.1 (%).Trend:Decrease 30.37% than previous quarter

Overall: decreasing (-65.27%). 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 87.59 (%).Trend:Increase 127.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 43.6 (%).Trend:Decrease 50.22% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 27.83 (%).Trend:Decrease 36.17% than previous quarter

Overall: decreasing (-68.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.21 (%).Trend:Increase 10.32% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.6 (%).Trend:Decrease 5.16% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.12 (%).Trend:Decrease 1.62% than previous quarter

Overall: decreasing (-6.7%). 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 3.43 (%).Trend:Decrease 19.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.55 (%).Trend:Increase 3.5% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.48 (%).Trend:Decrease 1.97% than previous quarter

Overall: increasing (1.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.6 (USD).Trend:Decrease 766.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.05 (USD).Trend:Decrease 91.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.2 (USD).Trend:Decrease 500.0% than previous quarter

Overall: increasing (-133.33%). Fluctuation: **Significant** (high variation).



Financial analysis for 2021 reveals significant volatility in working capital efficiency, cost efficiency, and earnings per share. Liabilities and current assets on revenue fluctuate considerably, while the SG&A expense ratio shows relatively stable decreases. The ratio of retained earnings to revenue demonstrates significant fluctuations.  Investment efficiency shows minimal fluctuation, while earnings per share show a significant turnaround from negative values in the first two quarters to a positive value in the third quarter.