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 77.05 (%).Trend:Increase 15.55% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.93 (%).Trend:Decrease 46.88% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.4 (%).Trend:Decrease 25.73% than previous quarter

Overall: decreasing (-60.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 1870.29 (%).Trend:Increase 321.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 859.54 (%).Trend:Decrease 54.04% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 564.24 (%).Trend:Decrease 34.36% than previous quarter

Overall: decreasing (-69.83%). 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 -292.71 (%).Trend:Increase 130.43% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -165.82 (%).Trend:Decrease 43.35% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -126.52 (%).Trend:Decrease 23.7% than previous quarter

Overall: increasing (-56.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 79.61 (%).Trend:Increase 8.83% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 85.54 (%).Trend:Increase 7.45% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 89.18 (%).Trend:Increase 4.26% than previous quarter

Overall: increasing (12.02%). 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 -15.27 (%).Trend:Decrease 44.23% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -17.35 (%).Trend:Increase 13.62% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -20.14 (%).Trend:Increase 16.08% than previous quarter

Overall: decreasing (31.89%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 41.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.52 (USD).Trend:Increase 205.88% than previous quarter
Year 2021 Quarter 3: Earning Per Share -0.99 (USD).Trend:Increase 90.38% than previous quarter

Overall: decreasing (482.35%). Fluctuation: **Significant** (high variation).



From Q1 to Q3 2021, the company experienced decreasing liabilities on revenue (-60.55%) and current assets on revenue (-69.83%), both with significant fluctuation. Cost efficiency shows a decreasing ratio of retained earnings to revenue (-56.78%) with significant variation, while SG&A expenses steadily increased (12.02%) with little fluctuation. Investment efficiency demonstrates decreasing retained earnings on assets (-31.89%) with significant variation. Critically, earnings per share significantly decreased (-482.35%) with substantial fluctuation. This indicates worsening profitability despite stable expense management.