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 36.78 (%).Trend:Increase 208.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 19.22 (%).Trend:Decrease 47.74% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 12.87 (%).Trend:Decrease 33.04% than previous quarter

Overall: decreasing (-65.01%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 65.79 (%).Trend:Increase 292.07% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 34.26 (%).Trend:Decrease 47.93% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 20.23 (%).Trend:Decrease 40.95% than previous quarter

Overall: decreasing (-69.25%). 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 42.97 (%).Trend:Increase 241.3% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 20.83 (%).Trend:Decrease 51.52% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 11.59 (%).Trend:Decrease 44.36% than previous quarter

Overall: decreasing (-73.03%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.43 (%).Trend:Increase 19.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.6 (%).Trend:Decrease 12.91% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.16 (%).Trend:Decrease 7.86% than previous quarter

Overall: decreasing (-19.75%). Fluctuation: **Neutral** (moderate 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 21.23 (%).Trend:Decrease 10.61% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 21.85 (%).Trend:Increase 2.92% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 19.74 (%).Trend:Decrease 9.66% than previous quarter

Overall: decreasing (-7.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 126.55% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.8 (USD).Trend:Increase 166.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.06 (USD).Trend:Decrease 92.5% than previous quarter

Overall: decreasing (-80.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 reveal generally declining trends across key metrics. Liabilities, current assets, and the retained earnings-to-revenue ratio show significant downward fluctuations.  The Selling, General, and Administrative (SG&A) expense ratio has a minor decrease. Investment efficiency remains mostly stable. Earnings per share display highly volatile fluctuations, all decreasing.