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 102.65 (%).Trend:Increase 225.25% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.38 (%).Trend:Decrease 52.87% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.55 (%).Trend:Decrease 32.72% than previous quarter

Overall: decreasing (-68.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 177.34 (%).Trend:Increase 335.94% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 76.17 (%).Trend:Decrease 57.05% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 48.66 (%).Trend:Decrease 36.12% than previous quarter

Overall: decreasing (-72.56%). 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 132.63 (%).Trend:Increase 318.13% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 58.07 (%).Trend:Decrease 56.22% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 21.2 (%).Trend:Decrease 63.49% than previous quarter

Overall: decreasing (-84.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.85 (%).Trend:Decrease 0.7% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.8 (%).Trend:Decrease 8.17% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.72 (%).Trend:Decrease 0.68% than previous quarter

Overall: decreasing (-8.79%). 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 30.41 (%).Trend:Decrease 2.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 31.1 (%).Trend:Increase 2.27% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.98 (%).Trend:Decrease 32.54% than previous quarter

Overall: decreasing (-31.01%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q1-Q3 2021 indicates significant volatility across key financial metrics.  Working capital efficiency, measured by liabilities and current assets on revenue, exhibited substantial quarter-to-quarter changes.  Cost efficiency, specifically the ratio of retained earnings to revenue, suffered substantial declines.   Selling, General, and Administrative (SG&A) expenses decreased steadily, but with little fluctuation.  Investment efficiency, as measured by retained earnings on assets, also trended downward with more moderate fluctuations. Overall performance is concerning, due to the instability.