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 59.76 (%).Trend:Increase 245.43% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.49 (%).Trend:Decrease 48.98% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 22.61 (%).Trend:Decrease 25.84% than previous quarter

Overall: decreasing (-62.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 157.12 (%).Trend:Increase 353.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 72.72 (%).Trend:Decrease 53.72% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 46.38 (%).Trend:Decrease 36.22% than previous quarter

Overall: decreasing (-70.48%). 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 243.17 (%).Trend:Increase 253.55% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 117.35 (%).Trend:Decrease 51.74% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 76.26 (%).Trend:Decrease 35.01% than previous quarter

Overall: decreasing (-68.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.72 (%).Trend:Increase 9.73% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.17 (%).Trend:Increase 1.3% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 34.68 (%).Trend:Decrease 1.39% than previous quarter

Overall: decreasing (-0.12%). 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 67.71 (%).Trend:Decrease 8.84% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 68.89 (%).Trend:Increase 1.74% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 69.51 (%).Trend:Increase 0.9% than previous quarter

Overall: increasing (2.66%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.07 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.04 (USD).Trend:Decrease 42.86% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.06 (USD).Trend:Increase 50.0% than previous quarter

Overall: decreasing (-14.29%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2021 to Q3 2021, financial statements show considerable volatility in working capital efficiency.  Liabilities and current assets on revenue declined significantly.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, also experienced a substantial decline, indicating a potentially unstable financial position.  The SG&A expense ratio, however, demonstrates a relatively stable, albeit small, increase. Investment efficiency shows a slight increase, while earnings per share exhibit fluctuating downward trends.