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 118.91 (%).Trend:Increase 161.74% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.92 (%).Trend:Decrease 55.5% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 38.15 (%).Trend:Decrease 27.91% than previous quarter

Overall: decreasing (-67.92%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 138.29 (%).Trend:Increase 107.14% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.42 (%).Trend:Decrease 56.31% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 40.51 (%).Trend:Decrease 32.95% than previous quarter

Overall: decreasing (-70.71%). 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 12.83 (%).Trend:Increase 11.57% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 7.59 (%).Trend:Decrease 40.84% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 3.27 (%).Trend:Decrease 56.92% than previous quarter

Overall: decreasing (-74.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.05 (%).Trend:Decrease 29.27% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.44 (%).Trend:Increase 7.72% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.79 (%).Trend:Increase 6.43% than previous quarter

Overall: increasing (14.65%). 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 4.04 (%).Trend:Decrease 46.91% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 4.53 (%).Trend:Increase 12.13% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 2.8 (%).Trend:Decrease 38.19% than previous quarter

Overall: decreasing (-30.69%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.7 (USD).Trend:Decrease 83.41% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.11 (USD).Trend:Increase 82.94% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.42 (USD).Trend:Increase 42.12% than previous quarter

Overall: increasing (160.0%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant fluctuations in working capital efficiency, cost efficiency, and investment efficiency during Q1-Q3 2021. Liabilities and current assets on revenue decreased significantly, while the ratio of retained earnings to revenue also decreased substantially.  Selling, General, and Administrative (SG&A) expense ratio showed a modest increase. Investment efficiency (retained earnings on assets) also declined, though with slightly less fluctuation. Earnings per share experienced substantial variation, increasing significantly overall.  These findings indicate potential instability and require further analysis to understand the underlying causes.