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 77.36 (%).Trend:Increase 140.85% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.26 (%).Trend:Decrease 45.37% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 31.43 (%).Trend:Decrease 25.63% than previous quarter

Overall: decreasing (-59.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 194.1 (%).Trend:Increase 187.68% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 96.97 (%).Trend:Decrease 50.04% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 65.89 (%).Trend:Decrease 32.05% than previous quarter

Overall: decreasing (-66.05%). 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 94.83 (%).Trend:Increase 241.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 41.01 (%).Trend:Decrease 56.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 25.23 (%).Trend:Decrease 38.48% than previous quarter

Overall: decreasing (-73.39%). 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 39.79 (%).Trend:Increase 15.07% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 34.48 (%).Trend:Decrease 13.35% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 31.41 (%).Trend:Decrease 8.9% than previous quarter

Overall: decreasing (-21.06%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 60.77% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.05 (USD).Trend:Increase 105.88% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.41 (USD).Trend:Increase 34.29% than previous quarter

Overall: increasing (176.47%). Fluctuation: **Significant** (high variation).



Financial performance in Q1-Q3 2021 reveals significant volatility across key metrics. Liabilities on revenue declined from Q1 to Q3, while current assets on revenue also decreased over the same period. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a substantial decline. Investment efficiency shows a slight decrease overall with moderate variability, while earnings per share shows a significant increase from Q2 to Q3, after a sharp fall in Q1.