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 98.53 (%).Trend:Increase 144.98% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 45.24 (%).Trend:Decrease 54.09% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.11 (%).Trend:Decrease 37.86% than previous quarter

Overall: decreasing (-71.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 286.32 (%).Trend:Increase 146.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 143.88 (%).Trend:Decrease 49.75% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 95.52 (%).Trend:Decrease 33.61% than previous quarter

Overall: decreasing (-66.64%). 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 591.34 (%).Trend:Increase 180.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 289.14 (%).Trend:Decrease 51.1% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 187.6 (%).Trend:Decrease 35.12% than previous quarter

Overall: decreasing (-68.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.71 (%).Trend:Decrease 12.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.56 (%).Trend:Decrease 4.04% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.39 (%).Trend:Decrease 4.78% than previous quarter

Overall: decreasing (-8.63%). 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 63.58 (%).Trend:Increase 2.04% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 64.14 (%).Trend:Increase 0.88% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 65.16 (%).Trend:Increase 1.59% than previous quarter

Overall: increasing (2.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.72 (USD).Trend:Decrease 52.94% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.26 (USD).Trend:Increase 75.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.81 (USD).Trend:Increase 123.02% than previous quarter

Overall: increasing (290.28%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 2021 to Q3 2021 indicates several key trends. Working capital efficiency (liabilities and current assets on revenue) declined significantly with large fluctuations. Cost efficiency (SG&A expense ratio) also decreased, with low variation. The ratio of retained earnings to revenue decreased substantially, demonstrating considerable fluctuation.  Investment efficiency (retained earnings on assets) increased steadily with little variation. Earnings per share (EPS) showed a substantial increase, but with high variation.