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 44.59 (%).Trend:Increase 147.72% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.1 (%).Trend:Decrease 48.19% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 13.32 (%).Trend:Decrease 42.34% than previous quarter

Overall: decreasing (-70.13%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 85.55 (%).Trend:Increase 150.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 50.41 (%).Trend:Decrease 41.08% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 27.73 (%).Trend:Decrease 44.99% than previous quarter

Overall: decreasing (-67.59%). 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 17.61 (%).Trend:Increase 151.21% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 12.64 (%).Trend:Decrease 28.22% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 8.3 (%).Trend:Decrease 34.34% than previous quarter

Overall: decreasing (-52.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.68 (%).Trend:Decrease 3.05% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.69 (%).Trend:Decrease 10.11% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.04 (%).Trend:Decrease 3.67% than previous quarter

Overall: decreasing (-13.41%). 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 7.84 (%).Trend:Decrease 25.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.6 (%).Trend:Increase 47.96% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 11.72 (%).Trend:Increase 1.03% than previous quarter

Overall: increasing (49.49%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 43.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.24 (USD).Trend:Increase 285.71% than previous quarter
Year 2021 Quarter 3: Earning Per Share 6.23 (USD).Trend:Increase 92.28% than previous quarter

Overall: increasing (641.67%). Fluctuation: **Significant** (high variation).



The financial analysis reveals substantial fluctuations across various key performance indicators (KPIs) during Q1-Q3 2021.  Working capital efficiency shows dramatic swings in liabilities and current assets on revenue, highlighting potential liquidity issues.  Cost efficiency displays substantial fluctuations in the ratio of retained earnings to revenue, reflecting significant variability in profitability trends.  SG&A expense ratios show steady decrease with little fluctuation, suggesting effective cost management.  Investment efficiency in terms of retained earnings on assets shows moderate variation. Earning per share exhibits high variation with large increases in Q2 and Q3. Overall, the data reveals a need for careful monitoring and potential adjustments to financial strategies to address the significant volatility seen in several key metrics.