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 73.12 (%).Trend:Increase 84.51% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.43 (%).Trend:Decrease 44.71% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.96 (%).Trend:Decrease 28.37% than previous quarter

Overall: decreasing (-60.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 110.08 (%).Trend:Increase 156.18% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 55.42 (%).Trend:Decrease 49.65% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 39.82 (%).Trend:Decrease 28.15% than previous quarter

Overall: decreasing (-63.83%). 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 226.27 (%).Trend:Increase 235.66% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 110.59 (%).Trend:Decrease 51.12% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 69.04 (%).Trend:Decrease 37.57% than previous quarter

Overall: decreasing (-69.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.91 (%).Trend:Increase 2.62% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.48 (%).Trend:Increase 3.82% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.75 (%).Trend:Decrease 4.72% than previous quarter

Overall: decreasing (-1.07%). 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 48.47 (%).Trend:Increase 11.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 47.17 (%).Trend:Decrease 2.68% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 46.08 (%).Trend:Decrease 2.31% than previous quarter

Overall: decreasing (-4.93%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data for Q1 2021 to Q3 2021 reveals substantial, fluctuating trends.  Working capital efficiency, as shown by liabilities and current assets on revenue, declined significantly, displaying high variation.  Cost efficiency, as reflected in the ratio of retained earnings to revenue, also shows substantial volatility. The SG&A expense ratio remains relatively stable. Investment efficiency demonstrates small, steady decreases.  These findings point toward a need for detailed analysis to identify the root causes of these fluctuating patterns.