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 58.42 (%).Trend:Increase 170.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.68 (%).Trend:Decrease 44.06% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 23.98 (%).Trend:Decrease 26.62% than previous quarter

Overall: decreasing (-58.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 152.51 (%).Trend:Increase 190.44% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 86.51 (%).Trend:Decrease 43.28% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 48.84 (%).Trend:Decrease 43.54% than previous quarter

Overall: decreasing (-67.98%). 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 311.52 (%).Trend:Increase 216.62% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 167.43 (%).Trend:Decrease 46.25% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 117.85 (%).Trend:Decrease 29.61% than previous quarter

Overall: decreasing (-62.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 52.88 (%).Trend:Decrease 0.68% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 53.4 (%).Trend:Increase 0.98% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 59.26 (%).Trend:Increase 10.97% than previous quarter

Overall: increasing (12.07%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.75 (USD).Trend:Decrease 67.39% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.32 (USD).Trend:Increase 76.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.05 (USD).Trend:Increase 55.3% than previous quarter

Overall: increasing (173.33%). Fluctuation: **Significant** (high variation).



Data from Q1 to Q3 2021 indicates a period of change. Liabilities on Revenue decreased (-58.95%) with significant fluctuation, as did Current Assets on Revenue (-67.98%) with significant fluctuation. The Ratio of Retained Earnings to Revenue also decreased (-62.17%) with significant variation. However, Retained Earning on Assets increased (12.07%) with little fluctuation, suggesting stable asset utilization. Earnings Per Share increased substantially (173.33%) but with significant fluctuation. This suggests a shift in financial strategy, potentially prioritizing earnings growth over maintaining high levels of working capital and retained earnings.