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 105.23 (%).Trend:Increase 17.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.05 (%).Trend:Decrease 54.34% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.25 (%).Trend:Decrease 37.04% than previous quarter

Overall: decreasing (-71.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 42.0 (%).Trend:Increase 45.33% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 30.48 (%).Trend:Decrease 27.43% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 15.23 (%).Trend:Decrease 50.03% than previous quarter

Overall: decreasing (-63.74%). 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 92.76 (%).Trend:Increase 4.68% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 46.49 (%).Trend:Decrease 49.88% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 32.21 (%).Trend:Decrease 30.72% than previous quarter

Overall: decreasing (-65.28%). 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 10.62 (%).Trend:Decrease 10.61% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 12.53 (%).Trend:Increase 17.98% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 13.17 (%).Trend:Increase 5.11% than previous quarter

Overall: increasing (24.01%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.41 (USD).Trend:Decrease 111.52% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.51 (USD).Trend:Increase 268.29% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.73 (USD).Trend:Increase 14.57% than previous quarter

Overall: increasing (321.95%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2021 indicate significant volatility in key financial metrics.  Working capital efficiency, measured by liabilities and current assets as a percentage of revenue, declined substantially.  Cost efficiency, as measured by retained earnings to revenue, also showed a significant decline.  However, investment efficiency rose steadily. Earnings per share increased, but with substantial fluctuations.  The data suggest a period of financial instability characterized by significant, uneven changes in key performance indicators.