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 89.08 (%).Trend:Increase 167.19% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 59.06 (%).Trend:Decrease 33.7% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 41.21 (%).Trend:Decrease 30.22% than previous quarter

Overall: decreasing (-53.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 89.78 (%).Trend:Increase 149.39% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 44.77 (%).Trend:Decrease 50.13% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 35.28 (%).Trend:Decrease 21.2% than previous quarter

Overall: decreasing (-60.7%). 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 -78.75 (%).Trend:Increase 248.14% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -37.24 (%).Trend:Decrease 52.71% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -24.08 (%).Trend:Decrease 35.34% than previous quarter

Overall: increasing (-69.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.41 (%).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.47 (%).Trend:Increase 0.53% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.89 (%).Trend:Decrease 5.06% than previous quarter

Overall: decreasing (-4.56%). 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 -30.25 (%).Trend:Increase 34.68% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -29.14 (%).Trend:Decrease 3.67% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -27.52 (%).Trend:Decrease 5.56% than previous quarter

Overall: increasing (-9.02%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.2 (USD).Trend:Decrease 129.41% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.87 (USD).Trend:Increase 335.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.15 (USD).Trend:Increase 32.18% than previous quarter

Overall: increasing (475.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 reveals decreasing trends in working capital efficiency. Liabilities and current assets as a percentage of revenue declined throughout the period, although Q1 2021 saw a substantial increase in liabilities.  Cost efficiency (retained earnings to revenue) shows a fluctuating decrease. SG&A expense ratio shows a modest decrease. Investment efficiency exhibits significant volatility with a decrease in retained earnings on assets. Earnings per share saw a notable increase throughout the period.