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 76.86 (%).Trend:Increase 158.96% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 39.35 (%).Trend:Decrease 48.8% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 31.13 (%).Trend:Decrease 20.89% than previous quarter

Overall: decreasing (-59.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 82.37 (%).Trend:Increase 164.52% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 40.99 (%).Trend:Decrease 50.24% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 30.1 (%).Trend:Decrease 26.57% than previous quarter

Overall: decreasing (-63.46%). 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 38.73 (%).Trend:Increase 224.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 18.64 (%).Trend:Decrease 51.87% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 10.76 (%).Trend:Decrease 42.27% than previous quarter

Overall: decreasing (-72.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.63 (%).Trend:Decrease 7.73% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.96 (%).Trend:Increase 1.77% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.95 (%).Trend:Decrease 0.05% than previous quarter

Overall: increasing (1.72%). 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 18.57 (%).Trend:Increase 20.82% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.9 (%).Trend:Decrease 3.61% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 14.83 (%).Trend:Decrease 17.15% than previous quarter

Overall: decreasing (-20.14%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 4.2 (USD).Trend:Decrease 16.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 7.89 (USD).Trend:Increase 87.86% than previous quarter
Year 2021 Quarter 3: Earning Per Share 10.97 (USD).Trend:Increase 39.04% than previous quarter

Overall: increasing (161.19%). Fluctuation: **Significant** (high variation).



Analysis of the financial statements for 2021 reveals considerable volatility in key metrics. Liabilities and current assets on revenue decreased significantly, though with considerable fluctuation.  The ratio of retained earnings to revenue shows a substantial decline.  While the selling, general, and administrative (SG&A) expense ratio displays minor fluctuation, overall earnings per share have increased considerably but with notable variation. Overall, these statements suggest a period of high market volatility impacting profitability.