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 75.6 (%).Trend:Increase 276.31% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.19 (%).Trend:Decrease 60.07% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 21.0 (%).Trend:Decrease 30.44% than previous quarter

Overall: decreasing (-72.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 74.28 (%).Trend:Increase 233.54% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 29.9 (%).Trend:Decrease 59.75% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 20.95 (%).Trend:Decrease 29.93% than previous quarter

Overall: decreasing (-71.8%). 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 21.37 (%).Trend:Increase 103.91% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 11.1 (%).Trend:Decrease 48.06% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 7.85 (%).Trend:Decrease 29.28% than previous quarter

Overall: decreasing (-63.27%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.95 (%).Trend:Decrease 0.2% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.82 (%).Trend:Decrease 1.31% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.63 (%).Trend:Decrease 1.93% than previous quarter

Overall: decreasing (-3.22%). 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 15.33 (%).Trend:Decrease 33.26% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.78 (%).Trend:Increase 15.98% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 18.27 (%).Trend:Increase 2.76% than previous quarter

Overall: increasing (19.18%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 60.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.0 (USD).Trend:Increase 75.0% than previous quarter

Overall: increasing (250.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2021 reveals working capital efficiency with significant declines in both liabilities and current assets on revenue.  Cost efficiency shows a substantial decrease in retained earnings to revenue ratio.  SG&A expense ratio shows a consistent, minor decline. Investment efficiency exhibits consistent, minor growth in retained earnings on assets. Earnings per share show substantial volatility with significant growth followed by large decreases.