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 51.92 (%).Trend:Increase 181.56% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.03 (%).Trend:Decrease 53.72% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.6 (%).Trend:Decrease 22.6% than previous quarter

Overall: decreasing (-64.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 242.69 (%).Trend:Increase 184.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 106.92 (%).Trend:Decrease 55.94% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 76.68 (%).Trend:Decrease 28.28% than previous quarter

Overall: decreasing (-68.4%). 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 124.32 (%).Trend:Increase 223.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 64.68 (%).Trend:Decrease 47.97% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 47.41 (%).Trend:Decrease 26.7% than previous quarter

Overall: decreasing (-61.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.92 (%).Trend:Decrease 5.18% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Decrease 4.6% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.93 (%).Trend:Decrease 2.64% than previous quarter

Overall: decreasing (-7.11%). 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 21.73 (%).Trend:Increase 17.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.41 (%).Trend:Increase 12.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 26.19 (%).Trend:Increase 7.29% than previous quarter

Overall: increasing (20.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.63 (USD).Trend:Decrease 37.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.28 (USD).Trend:Increase 103.17% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.15 (USD).Trend:Increase 67.97% than previous quarter

Overall: increasing (241.27%). Fluctuation: **Significant** (high variation).



Key findings from Q1 2021 to Q3 2021 reveal significant volatility.  Working capital efficiency metrics (liabilities and current assets on revenue) declined substantially (-64.18% and -68.4%).  Cost efficiency, as reflected in the retained earnings to revenue ratio, also decreased significantly (-61.86%), though SG&A expenses showed only a minor reduction (-7.11%).  Investment efficiency showed slight improvement (20.52% increase in retained earnings on assets), while earnings per share surged dramatically (241.27%). This suggests areas of both strength and weakness.