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 112.19 (%).Trend:Increase 93.06% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 70.05 (%).Trend:Decrease 37.56% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 59.24 (%).Trend:Decrease 15.43% than previous quarter

Overall: decreasing (-47.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 190.94 (%).Trend:Increase 111.9% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 103.74 (%).Trend:Decrease 45.67% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 82.92 (%).Trend:Decrease 20.07% than previous quarter

Overall: decreasing (-56.57%). 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 27.23 (%).Trend:Increase 225.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 15.54 (%).Trend:Decrease 42.93% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 12.83 (%).Trend:Decrease 17.44% than previous quarter

Overall: decreasing (-52.88%). 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 7.75 (%).Trend:Increase 43.52% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.47 (%).Trend:Increase 9.29% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 9.7 (%).Trend:Increase 14.52% than previous quarter

Overall: increasing (25.16%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 134.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.83 (USD).Trend:Increase 137.66% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.08 (USD).Trend:Increase 68.31% than previous quarter

Overall: increasing (300.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 exhibits significant variability. Liabilities and current assets on revenue both decreased, but with substantial fluctuations. Cost efficiency, as measured by the retained earnings ratio, also decreased significantly (-52.88%).  Investment efficiency showed a moderate increase in retained earnings on assets (25.16%). Earnings per share saw a dramatic increase (300%). The results reflect highly fluctuating performance in most key metrics, with downward trends for liabilities, current assets, and cost efficiency.