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 116.76 (%).Trend:Increase 146.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.17 (%).Trend:Decrease 60.46% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 29.51 (%).Trend:Decrease 36.08% than previous quarter

Overall: decreasing (-74.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 215.13 (%).Trend:Increase 114.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 102.48 (%).Trend:Decrease 52.36% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 74.42 (%).Trend:Decrease 27.38% than previous quarter

Overall: decreasing (-65.41%). 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 102.27 (%).Trend:Increase 191.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 53.92 (%).Trend:Decrease 47.28% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 41.06 (%).Trend:Decrease 23.85% than previous quarter

Overall: decreasing (-59.85%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 17.56 (%).Trend:Increase 21.61% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.77 (%).Trend:Increase 12.59% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 22.47 (%).Trend:Increase 13.66% than previous quarter

Overall: increasing (27.96%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.65 (USD).Trend:Increase 195.45% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.38 (USD).Trend:Increase 112.31% than previous quarter

Overall: increasing (527.27%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2021 reveals significant fluctuations across various metrics. Liabilities and current assets on revenue are decreasing, suggesting potential concerns with working capital.  The ratio of retained earnings to revenue is also decreasing, indicating possible challenges in cost efficiency.  However, retained earnings on assets show a positive upward trend, suggesting improvement in investment efficiency.  Earnings per share demonstrate substantial variation, with a notable increase in the third quarter. These findings highlight the need for careful analysis of the specific drivers behind these fluctuations.