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 92.64 (%).Trend:Increase 168.68% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.34 (%).Trend:Decrease 47.82% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.03 (%).Trend:Decrease 33.74% than previous quarter

Overall: decreasing (-65.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 165.05 (%).Trend:Increase 249.39% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.18 (%).Trend:Decrease 50.21% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.21 (%).Trend:Decrease 40.12% than previous quarter

Overall: decreasing (-70.18%). 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 55.38 (%).Trend:Increase 214.48% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.51 (%).Trend:Decrease 48.52% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 20.37 (%).Trend:Decrease 28.55% than previous quarter

Overall: decreasing (-63.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.54 (%).Trend:Decrease 4.41% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.32 (%).Trend:Increase 4.45% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.46 (%).Trend:Increase 0.76% than previous quarter

Overall: increasing (5.25%). 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 6.91 (%).Trend:Increase 7.63% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 7.3 (%).Trend:Increase 5.64% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 7.83 (%).Trend:Increase 7.26% than previous quarter

Overall: increasing (13.31%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.26 (USD).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.29 (USD).Trend:Increase 89.82% than previous quarter
Year 2021 Quarter 3: Earning Per Share 6.7 (USD).Trend:Increase 56.18% than previous quarter

Overall: increasing (196.46%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 reveal a mixed financial performance. Working capital efficiency metrics, such as liabilities and current assets on revenue, show significant declines with substantial quarterly variations. Cost efficiency, as measured by the ratio of retained earnings to revenue, also displays a substantial decrease.  However, positive trends are observed in retained earnings on assets and earnings per share, although with considerable quarter-to-quarter fluctuations.  A comprehensive analysis of the factors driving these fluctuations is necessary to assess the overall financial health and future prospects.