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 140.74 (%).Trend:Increase 263.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 43.62 (%).Trend:Decrease 69.01% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.98 (%).Trend:Decrease 33.56% than previous quarter

Overall: decreasing (-79.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 296.3 (%).Trend:Increase 126.29% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 120.19 (%).Trend:Decrease 59.44% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 78.2 (%).Trend:Decrease 34.94% than previous quarter

Overall: decreasing (-73.61%). 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 49.38 (%).Trend:Increase 143.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 27.56 (%).Trend:Decrease 44.19% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 22.17 (%).Trend:Decrease 19.56% than previous quarter

Overall: decreasing (-55.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.09 (%).Trend:Decrease 31.76% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.69 (%).Trend:Decrease 4.4% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.71 (%).Trend:Increase 0.23% than previous quarter

Overall: decreasing (-4.18%). 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 6.64 (%).Trend:Increase 7.44% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.1 (%).Trend:Increase 21.99% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 9.86 (%).Trend:Increase 21.73% than previous quarter

Overall: increasing (48.49%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.13 (USD).Trend:Decrease 97.98% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.61 (USD).Trend:Increase 369.23% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.34 (USD).Trend:Increase 119.67% than previous quarter

Overall: increasing (930.77%). Fluctuation: **Significant** (high variation).



Financial performance analysis for Q1 to Q3 2021 reveals notable variations in key metrics.  Working capital efficiency exhibits significant decreases in liabilities and current assets relative to revenue. Cost efficiency, reflected in the ratio of retained earnings to revenue, also shows large fluctuations.  While SG&A expense ratio trends downward with little variation, the other metrics showcase substantial swings, especially earnings per share. The substantial volatility warrants investigation to understand the underlying causes and determine the financial sustainability of the period.