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 90.88 (%).Trend:Increase 128.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.27 (%).Trend:Decrease 46.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.91 (%).Trend:Decrease 31.82% than previous quarter

Overall: decreasing (-63.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 144.91 (%).Trend:Increase 121.95% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 78.23 (%).Trend:Decrease 46.01% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 50.68 (%).Trend:Decrease 35.22% than previous quarter

Overall: decreasing (-65.03%). 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 135.33 (%).Trend:Increase 114.74% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 69.55 (%).Trend:Decrease 48.61% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 47.95 (%).Trend:Decrease 31.06% than previous quarter

Overall: decreasing (-64.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 46.41 (%).Trend:Decrease 12.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.67 (%).Trend:Decrease 1.59% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.3 (%).Trend:Decrease 0.81% than previous quarter

Overall: decreasing (-2.39%). 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 45.19 (%).Trend:Decrease 1.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 44.45 (%).Trend:Decrease 1.64% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 46.89 (%).Trend:Increase 5.49% than previous quarter

Overall: increasing (3.76%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.07 (USD).Trend:Decrease 41.03% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.5 (USD).Trend:Increase 117.39% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.12 (USD).Trend:Increase 58.22% than previous quarter

Overall: increasing (243.96%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 reveals significant decreases in working capital efficiency, with both liabilities and current assets on revenue declining significantly (-63.79% and -65.03%, respectively).  Cost efficiency (ratio of retained earnings to revenue) displays a substantial decrease (-64.57%). Conversely, investment efficiency demonstrates a slight increase in retained earnings on assets (3.76%), with limited variation. SG&A expense ratio shows a steady decrease (-2.39%).  Earnings per share show a large overall increase (243.96%) with significant fluctuations.