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 70.84 (%).Trend:Increase 65.21% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.01 (%).Trend:Decrease 40.7% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 27.75 (%).Trend:Decrease 33.94% than previous quarter

Overall: decreasing (-60.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 149.35 (%).Trend:Increase 82.76% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 104.67 (%).Trend:Decrease 29.92% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 72.61 (%).Trend:Decrease 30.63% than previous quarter

Overall: decreasing (-51.38%). 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 112.28 (%).Trend:Increase 75.44% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 58.24 (%).Trend:Decrease 48.13% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 39.42 (%).Trend:Decrease 32.31% than previous quarter

Overall: decreasing (-64.89%). 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 8.33 (%).Trend:Increase 0.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.0 (%).Trend:Decrease 3.96% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 8.09 (%).Trend:Increase 1.12% than previous quarter

Overall: decreasing (-2.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 95.08% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.02 (USD).Trend:Decrease 33.33% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.05 (USD).Trend:Increase 150.0% than previous quarter

Overall: increasing (66.67%). Fluctuation: **Significant** (high variation).



Financial performance analysis of Q1-Q3 2021 shows significant fluctuations in working capital. Liabilities on revenue and current assets on revenue both decreased but with considerable quarter-to-quarter changes. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased substantially throughout the period, demonstrating significant variability.  Invest efficiency fluctuated less but still displayed a downward trend. Earnings per share showed very volatile behavior, decreasing overall with large quarterly increases and decreases.