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 131.28 (%).Trend:Increase 245.11% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 59.45 (%).Trend:Decrease 54.72% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 22.96 (%).Trend:Decrease 61.38% than previous quarter

Overall: decreasing (-82.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 114.39 (%).Trend:Increase 202.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 51.22 (%).Trend:Decrease 55.22% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 37.48 (%).Trend:Decrease 26.83% than previous quarter

Overall: decreasing (-67.23%). 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 132.21 (%).Trend:Increase 260.64% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 64.84 (%).Trend:Decrease 50.96% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 44.98 (%).Trend:Decrease 30.63% than previous quarter

Overall: decreasing (-65.98%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.6 (%).Trend:Increase 15.38% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.54 (%).Trend:Decrease 5.7% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.73 (%).Trend:Decrease 21.72% than previous quarter

Overall: decreasing (-26.18%). 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 35.67 (%).Trend:Increase 6.51% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 37.42 (%).Trend:Increase 4.91% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 38.19 (%).Trend:Increase 2.06% than previous quarter

Overall: increasing (7.06%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q1 2021 to Q3 2021 reveal significant fluctuations.  Liabilities on revenue decreased substantially from Q1 to Q3, contrasting with a large increase in Q1.  Current assets on revenue also saw a decrease throughout the period. Cost efficiency, measured by the retained earnings to revenue ratio, declined sharply throughout the period. The SG&A expense ratio also decreased. Conversely, investment efficiency showed a small but steady increase in retained earnings on assets.