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 for Q1 to Q3 2021 highlights significant volatility.  Liability-to-revenue and retained earnings-to-revenue ratios show substantial decreases with major fluctuations. Current assets-to-revenue also display substantial declines and significant volatility. Conversely, Selling, General & Administrative (SG&A) expense ratios show a minor decline with little fluctuation.  Investment efficiency, as measured by retained earnings on assets, shows a slight upward trend, while earnings per share exhibit a substantial increase.