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 42.55 (%).Trend:Increase 42.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 22.97 (%).Trend:Decrease 46.02% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 21.19 (%).Trend:Decrease 7.75% than previous quarter

Overall: decreasing (-50.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 238.89 (%).Trend:Increase 82.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 217.48 (%).Trend:Decrease 8.96% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 156.06 (%).Trend:Decrease 28.24% than previous quarter

Overall: decreasing (-34.67%). Fluctuation: **Neutral** (moderate 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 234.96 (%).Trend:Increase 165.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 126.73 (%).Trend:Decrease 46.06% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 78.9 (%).Trend:Decrease 37.74% than previous quarter

Overall: decreasing (-66.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 30.98 (%).Trend:Increase 16.16% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.14 (%).Trend:Decrease 22.08% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.05 (%).Trend:Decrease 16.94% than previous quarter

Overall: decreasing (-35.28%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.03 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.89 (USD).Trend:Increase 2866.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share -3.13 (USD).Trend:Increase 251.69% than previous quarter

Overall: decreasing (10333.33%). Fluctuation: **Significant** (high variation).



Financial analysis shows fluctuating performance across various metrics. Liabilities on revenue are decreasing but exhibiting significant variation. Current assets on revenue also decline but with moderate fluctuation.  The ratio of retained earnings to revenue is sharply decreasing, which suggests operational instability with high variation. Investment efficiency indicates a moderate decline in retained earnings on assets. Earnings per share show a sharp and volatile negative trend, hinting at possible underlying financial challenges.