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 81.43 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.04 (%).Trend:Decrease 43.46% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 31.11 (%).Trend:Decrease 32.43% than previous quarter

Overall: decreasing (-61.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 201.07 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 135.49 (%).Trend:Decrease 32.62% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 98.73 (%).Trend:Decrease 27.13% than previous quarter

Overall: decreasing (-50.9%). 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 220.34 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 112.29 (%).Trend:Decrease 49.04% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 75.64 (%).Trend:Decrease 32.64% than previous quarter

Overall: decreasing (-65.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.16 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.83 (%).Trend:Decrease 2.96% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.3 (%).Trend:Decrease 4.89% than previous quarter

Overall: decreasing (-7.71%). 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 46.08 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 34.69 (%).Trend:Decrease 24.72% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 35.42 (%).Trend:Increase 2.1% than previous quarter

Overall: decreasing (-23.13%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.07 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.85 (USD).Trend:Increase 166.36% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.5 (USD).Trend:Increase 57.89% than previous quarter

Overall: increasing (320.56%). Fluctuation: **Significant** (high variation).



Financial performance analysis reveals noteworthy trends in several areas.  Working capital efficiency, gauged by liabilities and current assets on revenue, demonstrates considerable fluctuation throughout Q1-Q3 2021. The significant decrease (-61.8% and -50.9%) warrants further scrutiny. Cost efficiency shows a substantial decline (-65.67%) in the ratio of retained earnings to revenue, suggesting potential operational challenges. However, SG&A expenses exhibit a more stable reduction (-7.71%), highlighting a possible controlled cost-cutting strategy.  Investment efficiency, assessed by retained earnings on assets, also shows a modest decrease (-23.13%). Earnings per share (EPS) experienced a substantial increase (320.56%).