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 131.86 (%).Trend:Increase 227.03% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.26 (%).Trend:Decrease 51.27% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 42.1 (%).Trend:Decrease 34.48% than previous quarter

Overall: decreasing (-68.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 185.56 (%).Trend:Increase 271.19% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 94.08 (%).Trend:Decrease 49.3% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 62.22 (%).Trend:Decrease 33.86% than previous quarter

Overall: decreasing (-66.47%). 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 -55.32 (%).Trend:Increase 251.02% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -24.57 (%).Trend:Decrease 55.59% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -14.16 (%).Trend:Decrease 42.37% than previous quarter

Overall: increasing (-74.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.7 (%).Trend:Increase 9.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.45 (%).Trend:Decrease 6.76% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.39 (%).Trend:Decrease 1.74% than previous quarter

Overall: decreasing (-8.38%). 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 -20.17 (%).Trend:Decrease 3.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -18.25 (%).Trend:Decrease 9.52% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -16.14 (%).Trend:Decrease 11.56% than previous quarter

Overall: increasing (-19.98%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.1 (USD).Trend:Increase 25.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.33 (USD).Trend:Increase 230.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.75 (USD).Trend:Increase 127.27% than previous quarter

Overall: increasing (650.0%). Fluctuation: **Significant** (high variation).



Financial statement analysis reveals significant fluctuations in working capital efficiency, cost efficiency, and investment efficiency during Q1-Q3 2021. Liabilities and current assets on revenue saw substantial increases and decreases across the quarters.  The retained earnings to revenue ratio showed an overall increasing trend, though with high variability.  Selling, general, and administrative (SG&A) expenses decreased slightly.  Investment efficiency, measured by retained earnings on assets, also exhibited significant fluctuations, with an overall increasing trend. Earnings per share, on the other hand, saw a marked increase throughout the period, with high variability in the quarterly performance.  The data suggests a dynamic financial picture, requiring further analysis to identify potential outliers and driving factors.