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 for Q1 2021 to Q3 2021 show significant volatility. Liabilities on revenue display an initial substantial increase before declining, highlighting instability. Current assets on revenue also show a substantial decrease, which could indicate a shrinking asset base.  A significant decrease is also observed in the ratio of retained earnings to revenue, suggesting a potential profitability issue. The SG&A expense ratio declined, likely indicating cost-cutting efforts. Conversely, investment efficiency demonstrates consistent growth, with retained earnings on assets increasing steadily.