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 56.36 (%).Trend:Increase 163.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.31 (%).Trend:Decrease 49.77% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 21.94 (%).Trend:Decrease 22.5% than previous quarter

Overall: decreasing (-61.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 184.15 (%).Trend:Increase 225.07% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.22 (%).Trend:Decrease 48.29% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 56.92 (%).Trend:Decrease 40.22% than previous quarter

Overall: decreasing (-69.09%). 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 172.71 (%).Trend:Increase 237.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 93.95 (%).Trend:Decrease 45.6% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 67.02 (%).Trend:Decrease 28.66% than previous quarter

Overall: decreasing (-61.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.07 (%).Trend:Decrease 2.08% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.7 (%).Trend:Increase 7.07% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.24 (%).Trend:Increase 6.23% than previous quarter

Overall: increasing (13.74%). 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 38.24 (%).Trend:Increase 11.65% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 39.95 (%).Trend:Increase 4.47% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 43.1 (%).Trend:Increase 7.88% than previous quarter

Overall: increasing (12.71%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 69.57% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.37 (USD).Trend:Increase 63.1% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.74 (USD).Trend:Increase 27.01% than previous quarter

Overall: increasing (107.14%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 reveals a significant negative trend in working capital efficiency, as both liabilities and current assets on revenue decreased. The ratio of retained earnings to revenue also shows a substantial decrease, indicating possible issues with cost efficiency.  Conversely, the selling, general, and administrative (SG&A) expense ratio and investment efficiency show a slightly increasing trend with lower fluctuation. Earnings per share exhibit significant variation but an upward overall trend.