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 108.66 (%).Trend:Increase 236.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.55 (%).Trend:Decrease 51.64% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 25.81 (%).Trend:Decrease 50.88% than previous quarter

Overall: decreasing (-76.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 118.58 (%).Trend:Increase 169.62% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.49 (%).Trend:Decrease 48.99% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 32.45 (%).Trend:Decrease 46.35% than previous quarter

Overall: decreasing (-72.63%). 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 11.47 (%).Trend:Increase 459.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 8.27 (%).Trend:Decrease 27.9% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 6.22 (%).Trend:Decrease 24.79% than previous quarter

Overall: decreasing (-45.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.28 (%).Trend:Increase 17.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.3 (%).Trend:Decrease 6.02% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.16 (%).Trend:Decrease 0.92% than previous quarter

Overall: decreasing (-6.88%). 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 4.44 (%).Trend:Increase 51.02% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 7.11 (%).Trend:Increase 60.14% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 9.53 (%).Trend:Increase 34.04% than previous quarter

Overall: increasing (114.64%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q1-Q3 2021 reveals significant volatility in working capital efficiency. Liabilities on revenue experienced a large increase in Q1, followed by significant decreases in subsequent quarters.  Current assets on revenue show a similar pattern of substantial growth in Q1, followed by decline in Q2 and Q3. Cost efficiency, as indicated by the ratio of retained earnings to revenue, exhibits a significant decrease throughout the period.  The selling, general, and administrative (SG&A) expense ratio shows a moderate decrease with less fluctuation.  Investment efficiency, measured by retained earnings on assets, shows an overall positive trend with considerable variation.