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 64.2 (%).Trend:Increase 124.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 31.08 (%).Trend:Decrease 51.59% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.71 (%).Trend:Decrease 33.37% than previous quarter

Overall: decreasing (-67.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 103.22 (%).Trend:Increase 164.33% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 52.55 (%).Trend:Decrease 49.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 34.75 (%).Trend:Decrease 33.87% than previous quarter

Overall: decreasing (-66.33%). 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 -769.05 (%).Trend:Increase 154.64% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -379.81 (%).Trend:Decrease 50.61% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -251.52 (%).Trend:Decrease 33.78% than previous quarter

Overall: increasing (-67.29%). 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 -113.82 (%).Trend:Increase 2.07% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -114.89 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -117.27 (%).Trend:Increase 2.07% than previous quarter

Overall: decreasing (3.03%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.08 (USD).Trend:Decrease 100.65% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.16 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.2 (USD).Trend:Increase 25.0% than previous quarter

Overall: increasing (150.0%). Fluctuation: **Significant** (high variation).



Financial analysis of 2021 reveals significant quarter-to-quarter fluctuations in working capital, cost, investment, and earnings metrics. Liabilities and current assets on revenue show a substantial decrease initially then increased drastically, and decreased again. The ratio of retained earnings to revenue exhibits significant fluctuations and overall growth despite volatility.  Investment efficiency is marked by a continuous decline in retained earnings on assets.  Earnings per share show a large increase initially followed by a decrease in the final period.