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 287.8 (%).Trend:Increase 313.74% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 158.11 (%).Trend:Decrease 45.06% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 94.93 (%).Trend:Decrease 39.96% than previous quarter

Overall: decreasing (-67.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 757.69 (%).Trend:Increase 219.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 341.0 (%).Trend:Decrease 54.99% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 195.96 (%).Trend:Decrease 42.53% than previous quarter

Overall: decreasing (-74.14%). 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 306.96 (%).Trend:Increase 161.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 115.59 (%).Trend:Decrease 62.34% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 64.07 (%).Trend:Decrease 44.57% than previous quarter

Overall: decreasing (-79.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.2 (%).Trend:Decrease 7.38% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.16 (%).Trend:Decrease 23.49% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.48 (%).Trend:Decrease 20.36% than previous quarter

Overall: decreasing (-39.07%). Fluctuation: **Neutral** (moderate 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 35.99 (%).Trend:Decrease 15.1% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 30.41 (%).Trend:Decrease 15.5% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 29.59 (%).Trend:Decrease 2.7% than previous quarter

Overall: decreasing (-17.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 97.8% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.31 (USD).Trend:Decrease 720.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.91 (USD).Trend:Increase 193.55% than previous quarter

Overall: increasing (-1920.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 reveal significant volatility. Liabilities on revenue decreased overall, exhibiting substantial fluctuations. Current assets on revenue also decreased overall. Cost efficiency reveals a consistent downward trend in the SG&A expense ratio. The ratio of retained earnings to revenue decreased significantly with substantial fluctuations. Investment efficiency displays a relatively consistent, albeit negative, trend in retained earnings on assets. Earnings per share also displayed significant fluctuations from Q1 to Q3 2021, transitioning from negative to positive values with high variability.