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 95.05 (%).Trend:Increase 163.88% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.76 (%).Trend:Decrease 48.7% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 33.9 (%).Trend:Decrease 30.48% than previous quarter

Overall: decreasing (-64.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 150.71 (%).Trend:Increase 183.66% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 78.46 (%).Trend:Decrease 47.94% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 55.75 (%).Trend:Decrease 28.94% than previous quarter

Overall: decreasing (-63.01%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.9 (%).Trend:Decrease 5.44% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.46 (%).Trend:Decrease 2.01% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.12 (%).Trend:Decrease 1.58% than previous quarter

Overall: decreasing (-3.56%). 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
Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.62 (USD).Trend:Decrease 53.45% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.46 (USD).Trend:Increase 113.58% than previous quarter
Year 2021 Quarter 3: Earning Per Share 5.29 (USD).Trend:Increase 52.89% than previous quarter

Overall: increasing (226.54%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2021 presents a complex picture.  Working capital efficiency decreased substantially with significant fluctuation, as shown by liabilities and current assets on revenue.  Cost efficiency, as measured by the SG&A expense ratio, also decreased slightly.  However, investment efficiency, measured by earnings per share, displayed a considerable increase.  Overall, a significant improvement in investment efficiency contrasts with a concerning decrease in working capital efficiency, highlighting a potential discrepancy between short-term and long-term financial performance.