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 94.38 (%).Trend:Increase 165.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.24 (%).Trend:Decrease 53.13% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.17 (%).Trend:Decrease 34.06% than previous quarter

Overall: decreasing (-69.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 27.65 (%).Trend:Increase 118.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 11.97 (%).Trend:Decrease 56.71% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 7.83 (%).Trend:Decrease 34.59% than previous quarter

Overall: decreasing (-71.68%). 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 -85.56 (%).Trend:Increase 123.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.92 (%).Trend:Decrease 56.85% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -24.68 (%).Trend:Decrease 33.15% than previous quarter

Overall: increasing (-71.15%). 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 -25.72 (%).Trend:Decrease 4.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.48 (%).Trend:Decrease 8.71% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -23.58 (%).Trend:Increase 0.43% than previous quarter

Overall: increasing (-8.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 146.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.71 (USD).Trend:Increase 119.23% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.74 (USD).Trend:Increase 1.75% than previous quarter

Overall: increasing (123.08%). Fluctuation: **Significant** (high variation).



Analysis of financial statements from Q1 2021 to Q3 2021 indicates significant volatility across key metrics. Liabilities on revenue and current assets on revenue both show decreasing trends overall, but with dramatic quarter-over-quarter shifts. Cost efficiency, as measured by the retained earnings-to-revenue ratio, reveals an overall upward trend amidst significant fluctuations. Investment efficiency (retained earnings on assets) demonstrates an increasing trend with significant quarter-to-quarter variation.  Earnings per share show a notable increase overall but substantial quarter-to-quarter volatility.