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 139.82 (%).Trend:Increase 196.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.04 (%).Trend:Decrease 54.2% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 47.33 (%).Trend:Decrease 26.09% than previous quarter

Overall: decreasing (-66.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 187.32 (%).Trend:Increase 203.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 88.87 (%).Trend:Decrease 52.56% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 63.32 (%).Trend:Decrease 28.75% than previous quarter

Overall: decreasing (-66.2%). 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 486.09 (%).Trend:Increase 236.42% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 236.41 (%).Trend:Decrease 51.36% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 152.65 (%).Trend:Decrease 35.43% than previous quarter

Overall: decreasing (-68.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.93 (%).Trend:Increase 1.23% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.82 (%).Trend:Decrease 0.46% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.76 (%).Trend:Decrease 0.25% than previous quarter

Overall: decreasing (-0.71%). 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 93.12 (%).Trend:Decrease 0.76% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 94.97 (%).Trend:Increase 1.99% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 92.4 (%).Trend:Decrease 2.71% than previous quarter

Overall: decreasing (-0.77%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 5.11 (USD).Trend:Decrease 22.1% than previous quarter
Year 2021 Quarter 2: Earning Per Share 8.67 (USD).Trend:Increase 69.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 11.01 (USD).Trend:Increase 26.99% than previous quarter

Overall: increasing (115.46%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2021 shows a mixed picture, with several metrics decreasing significantly and others trending upwards. Liabilities and current assets on revenue decreased substantially throughout this period, indicating a significant downturn. The retained earnings to revenue ratio also experienced a major decrease.  The SG&A expense ratio showed little variation. Investment efficiency displayed slight decreases.  However, earnings per share increased considerably. This substantial variation demands in-depth investigation into the underlying causes.