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 57.15 (%).Trend:Increase 134.32% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.72 (%).Trend:Decrease 48.0% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 22.48 (%).Trend:Decrease 24.36% than previous quarter

Overall: decreasing (-60.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 181.22 (%).Trend:Increase 173.37% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.3 (%).Trend:Decrease 47.41% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 69.34 (%).Trend:Decrease 27.24% than previous quarter

Overall: decreasing (-61.74%). 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 127.04 (%).Trend:Increase 199.91% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 67.43 (%).Trend:Decrease 46.92% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 48.11 (%).Trend:Decrease 28.65% than previous quarter

Overall: decreasing (-62.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 55.87 (%).Trend:Increase 12.71% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 54.82 (%).Trend:Decrease 1.88% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 54.9 (%).Trend:Increase 0.15% than previous quarter

Overall: decreasing (-1.74%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis for Q1 2021 to Q3 2021 reveals a downward trend in several key areas with significant volatility. Liabilities and current assets on revenue show substantial declines overall, marked by large quarter-to-quarter fluctuations. Cost efficiency, as measured by retained earnings to revenue, also exhibits a significant downward trend with volatility. However, investment efficiency remains relatively stable with minimal variation. The persistent declines and volatility highlight potential challenges and the need for strategic adjustments.