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 194.98 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 89.82 (%).Trend:Decrease 53.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 59.05 (%).Trend:Decrease 34.26% than previous quarter

Overall: decreasing (-69.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 605.11 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 311.28 (%).Trend:Decrease 48.56% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 215.08 (%).Trend:Decrease 30.9% than previous quarter

Overall: decreasing (-64.46%). 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 -204.58 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -88.14 (%).Trend:Decrease 56.92% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -54.08 (%).Trend:Decrease 38.64% than previous quarter

Overall: increasing (-73.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 40.77 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.01 (%).Trend:Decrease 4.32% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.75 (%).Trend:Decrease 0.67% than previous quarter

Overall: decreasing (-4.95%). 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 -18.91 (%).Trend:Decrease 14.01% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -16.93 (%).Trend:Decrease 10.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -15.25 (%).Trend:Decrease 9.92% than previous quarter

Overall: increasing (-19.35%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 92.23% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.67 (USD).Trend:Increase 179.17% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.07 (USD).Trend:Increase 59.7% than previous quarter

Overall: increasing (345.83%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2021 to Q3 2021 data reveals significant fluctuations across financial metrics. Liabilities and current assets on revenue decreased dramatically, raising potential working capital concerns.  The ratio of retained earnings to revenue unexpectedly increased.  SG&A expenses decreased slightly. Retained earnings on assets showed slight improvement, and earnings per share demonstrated strong growth.  The volatility indicates a need for in-depth review.