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 187.65 (%).Trend:Increase 176.28% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 94.47 (%).Trend:Decrease 49.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 59.31 (%).Trend:Decrease 37.22% than previous quarter

Overall: decreasing (-68.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 186.21 (%).Trend:Increase 175.05% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 93.98 (%).Trend:Decrease 49.53% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 59.42 (%).Trend:Decrease 36.77% than previous quarter

Overall: decreasing (-68.09%). 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 -83.77 (%).Trend:Increase 139.41% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -37.04 (%).Trend:Decrease 55.78% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -22.41 (%).Trend:Decrease 39.5% than previous quarter

Overall: increasing (-73.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.14 (%).Trend:Decrease 5.54% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.59 (%).Trend:Decrease 3.89% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.47 (%).Trend:Decrease 0.88% than previous quarter

Overall: decreasing (-4.74%). 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 -27.18 (%).Trend:Decrease 12.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -24.25 (%).Trend:Decrease 10.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -22.96 (%).Trend:Decrease 5.32% than previous quarter

Overall: increasing (-15.53%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.71 (USD).Trend:Decrease 52.98% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 108.45% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.25 (USD).Trend:Increase 52.03% than previous quarter

Overall: increasing (216.9%). Fluctuation: **Significant** (high variation).



Q1-Q3 2021 financial statements show a concerning trend of decreasing working capital efficiency, with significant swings in liabilities and current assets on revenue.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, exhibited a rising trend, yet with substantial fluctuations. Selling, general, and administrative (SG&A) expenses declined steadily.  Investment efficiency and earnings per share displayed increasing trends with significant variation.