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 56.21 (%).Trend:Increase 194.6% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.79 (%).Trend:Decrease 41.67% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 25.21 (%).Trend:Decrease 23.12% than previous quarter

Overall: decreasing (-55.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 275.57 (%).Trend:Increase 241.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 152.89 (%).Trend:Decrease 44.52% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 100.74 (%).Trend:Decrease 34.11% than previous quarter

Overall: decreasing (-63.44%). 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 94.26 (%).Trend:Increase 321.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 55.61 (%).Trend:Decrease 41.0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 42.67 (%).Trend:Decrease 23.27% than previous quarter

Overall: decreasing (-54.73%). 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 23.07 (%).Trend:Increase 36.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 25.4 (%).Trend:Increase 10.1% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.2 (%).Trend:Increase 7.09% than previous quarter

Overall: increasing (17.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.44 (USD).Trend:Decrease 56.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 86.36% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.21 (USD).Trend:Increase 47.56% than previous quarter

Overall: increasing (175.0%). Fluctuation: **Significant** (high variation).



Financial analysis indicates significant volatility in key performance indicators (KPIs).  Working capital efficiency metrics (liabilities and current assets on revenue) show substantial fluctuations, with increases and decreases across the reporting quarters.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, demonstrates similar volatility. Investment efficiency shows a more stable increase in retained earnings on assets. Earnings per share experienced significant fluctuations. The overall financial performance across all metrics is volatile.