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 49.64 (%).Trend:Increase 205.1% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 25.26 (%).Trend:Decrease 49.11% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 16.04 (%).Trend:Decrease 36.5% than previous quarter

Overall: decreasing (-67.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 127.56 (%).Trend:Increase 164.37% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.49 (%).Trend:Decrease 49.44% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.45 (%).Trend:Decrease 35.73% than previous quarter

Overall: decreasing (-67.51%). 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 290.14 (%).Trend:Increase 195.55% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 144.48 (%).Trend:Decrease 50.2% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 96.25 (%).Trend:Decrease 33.38% than previous quarter

Overall: decreasing (-66.83%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.83 (%).Trend:Decrease 14.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.24 (%).Trend:Increase 1.72% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 24.19 (%).Trend:Decrease 0.21% than previous quarter

Overall: increasing (1.51%). 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 141.29 (%).Trend:Increase 6.98% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 140.65 (%).Trend:Decrease 0.45% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 145.56 (%).Trend:Increase 3.49% than previous quarter

Overall: increasing (3.02%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 4.51 (USD).Trend:Decrease 49.89% than previous quarter
Year 2021 Quarter 2: Earning Per Share 8.8 (USD).Trend:Increase 95.12% than previous quarter
Year 2021 Quarter 3: Earning Per Share 14.48 (USD).Trend:Increase 64.55% than previous quarter

Overall: increasing (221.06%). Fluctuation: **Significant** (high variation).



Financial analysis of the Q1 2021 to Q3 2021 period reveals a complex financial picture. Working capital efficiency metrics, including liabilities and current assets on revenue, show substantial decreases, suggesting potential cash flow management issues.  Cost efficiency metrics, particularly the retained earnings-to-revenue ratio, reveal a negative trend, indicating a potential decline in profitability.  The SG&A expense ratio shows moderate fluctuations, indicating relative stability in operating costs. Conversely, investment efficiency increased modestly.  Earnings per share demonstrated a substantial upward trend, suggesting improvement in profitability.