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 61.03 (%).Trend:Increase 123.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.51 (%).Trend:Decrease 50.01% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.33 (%).Trend:Decrease 33.37% than previous quarter

Overall: decreasing (-66.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 231.87 (%).Trend:Increase 268.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.27 (%).Trend:Decrease 47.27% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 86.15 (%).Trend:Decrease 29.54% than previous quarter

Overall: decreasing (-62.85%). 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 458.39 (%).Trend:Increase 279.49% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 225.43 (%).Trend:Decrease 50.82% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 152.83 (%).Trend:Decrease 32.21% than previous quarter

Overall: decreasing (-66.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.44 (%).Trend:Increase 15.87% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.98 (%).Trend:Decrease 13.98% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.86 (%).Trend:Decrease 1.34% than previous quarter

Overall: decreasing (-15.13%). 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 62.24 (%).Trend:Increase 2.47% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 62.73 (%).Trend:Increase 0.79% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 62.63 (%).Trend:Decrease 0.16% than previous quarter

Overall: increasing (0.63%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.66 (USD).Trend:Decrease 77.63% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.74 (USD).Trend:Increase 163.64% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.51 (USD).Trend:Increase 44.25% than previous quarter

Overall: increasing (280.3%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 to Q3 2021 reveals highly volatile financial performance.  Liabilities and current assets on revenue experienced substantial declines, showing significant variation. Cost efficiency, as measured by retained earnings to revenue, exhibited a consistent downward trend with significant fluctuation. SG&A expense ratio showed a minor decrease with low variation. Investment efficiency (retained earnings on assets) displayed a slight upward trend with little fluctuation. Earnings per share increased substantially, exhibiting significant variation.