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 46.42 (%).Trend:Increase 102.71% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 18.34 (%).Trend:Decrease 60.49% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 12.62 (%).Trend:Decrease 31.19% than previous quarter

Overall: decreasing (-72.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 143.3 (%).Trend:Increase 261.78% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 83.11 (%).Trend:Decrease 42.0% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 65.64 (%).Trend:Decrease 21.02% than previous quarter

Overall: decreasing (-54.19%). 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 -59.85 (%).Trend:Increase 8.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -6.45 (%).Trend:Decrease 89.22% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -1.25 (%).Trend:Decrease 80.62% than previous quarter

Overall: increasing (-97.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.73 (%).Trend:Decrease 36.08% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.52 (%).Trend:Decrease 4.44% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.03 (%).Trend:Increase 11.28% than previous quarter

Overall: increasing (6.34%). 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 -8.27 (%).Trend:Decrease 51.01% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -1.93 (%).Trend:Decrease 76.66% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -0.5 (%).Trend:Decrease 74.09% than previous quarter

Overall: increasing (-93.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.95 (USD).Trend:Increase 96.97% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.74 (USD).Trend:Increase 143.08% than previous quarter
Year 2021 Quarter 3: Earning Per Share 5.72 (USD).Trend:Increase 20.68% than previous quarter

Overall: increasing (193.33%). Fluctuation: **Significant** (high variation).



Q1-Q3 2021 financial analysis highlights significant volatility. Liabilities and current assets on revenue decreased substantially. Cost efficiency (ratio of retained earnings to revenue) increased negatively with significant fluctuation.  SG&A expense ratio shows a small increase with low variation. Invest efficiency (retained earnings on assets) and earnings per share show significant increases, with high fluctuation.