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 95.97 (%).Trend:Increase 468.88% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.79 (%).Trend:Decrease 67.92% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 17.47 (%).Trend:Decrease 43.26% than previous quarter

Overall: decreasing (-81.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 167.02 (%).Trend:Increase 217.83% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 67.66 (%).Trend:Decrease 59.49% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 46.25 (%).Trend:Decrease 31.64% than previous quarter

Overall: decreasing (-72.31%). 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 320.07 (%).Trend:Increase 200.96% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 152.07 (%).Trend:Decrease 52.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 103.14 (%).Trend:Decrease 32.18% than previous quarter

Overall: decreasing (-67.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.75 (%).Trend:Decrease 9.19% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.07 (%).Trend:Decrease 5.33% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.91 (%).Trend:Decrease 9.61% than previous quarter

Overall: decreasing (-14.43%). 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 87.29 (%).Trend:Decrease 9.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 94.26 (%).Trend:Increase 7.98% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 96.6 (%).Trend:Increase 2.48% than previous quarter

Overall: increasing (10.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.42 (USD).Trend:Decrease 63.16% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.95 (USD).Trend:Increase 126.19% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.59 (USD).Trend:Increase 67.37% than previous quarter

Overall: increasing (278.57%). Fluctuation: **Significant** (high variation).



Q1 to Q3 2021 financial analysis shows significant volatility across multiple metrics. Working capital efficiency (liabilities and current assets on revenue) demonstrates a substantial decrease with substantial quarter-to-quarter changes. Cost efficiency, as measured by the ratio of retained earnings to revenue, reveals a substantial decline over the period.  SG&A expense ratio shows a consistent decrease.  Investment efficiency has a small, positive trend.  Earnings per share show significant growth with high variability.