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 609.53 (%).Trend:Increase 197.81% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 296.69 (%).Trend:Decrease 51.32% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 160.15 (%).Trend:Decrease 46.02% than previous quarter

Overall: decreasing (-73.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 730.4 (%).Trend:Increase 191.74% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 360.93 (%).Trend:Decrease 50.58% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 197.9 (%).Trend:Decrease 45.17% than previous quarter

Overall: decreasing (-72.91%). 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 -737.77 (%).Trend:Increase 210.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -337.8 (%).Trend:Decrease 54.21% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -170.33 (%).Trend:Decrease 49.58% than previous quarter

Overall: increasing (-76.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.75 (%).Trend:Decrease 11.09% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.56 (%).Trend:Decrease 8.07% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.94 (%).Trend:Decrease 11.95% than previous quarter

Overall: decreasing (-19.05%). 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 -84.8 (%).Trend:Increase 8.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -79.62 (%).Trend:Decrease 6.11% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -73.17 (%).Trend:Decrease 8.1% than previous quarter

Overall: increasing (-13.71%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 105.3% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.66 (USD).Trend:Decrease 488.24% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.75 (USD).Trend:Increase 468.18% than previous quarter

Overall: increasing (-2305.88%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2021 to Q3 2021 indicates high volatility in various financial metrics. Working capital efficiency, as measured by liabilities and current assets on revenue, shows a decrease across the period. Cost efficiency, reflected in the ratio of retained earnings to revenue, is increasing but with substantial volatility.  Selling, General and Administrative (SG&A) expense ratio shows a steady decrease. Investment efficiency exhibits substantial fluctuations in retained earnings on assets. Earnings per share exhibit significant volatility, improving from Q1 to Q3.