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 53.6 (%).Trend:Increase 145.65% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.11 (%).Trend:Decrease 45.69% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 20.0 (%).Trend:Decrease 31.3% than previous quarter

Overall: decreasing (-62.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 277.06 (%).Trend:Increase 177.09% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 146.95 (%).Trend:Decrease 46.96% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 91.27 (%).Trend:Decrease 37.89% than previous quarter

Overall: decreasing (-67.06%). 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 230.36 (%).Trend:Increase 178.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 120.02 (%).Trend:Decrease 47.9% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 84.78 (%).Trend:Decrease 29.36% than previous quarter

Overall: decreasing (-63.2%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.82 (%).Trend:Decrease 11.35% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.37 (%).Trend:Decrease 3.26% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Decrease 1.12% than previous quarter

Overall: decreasing (-4.34%). 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 39.78 (%).Trend:Increase 7.92% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 41.17 (%).Trend:Increase 3.49% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 42.44 (%).Trend:Increase 3.08% than previous quarter

Overall: increasing (6.69%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.21 (USD).Trend:Decrease 48.12% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.86 (USD).Trend:Increase 119.91% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.24 (USD).Trend:Increase 48.97% than previous quarter

Overall: increasing (227.6%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1-Q3 2021 reveals significant volatility in working capital efficiency. Liabilities and current assets on revenue decreased significantly in Q2 and Q3, compared to a dramatic increase in Q1. Cost efficiency, measured by the ratio of retained earnings to revenue, also demonstrates substantial fluctuations.  SG&A expense ratio, in contrast, shows relatively stable decreases. Investment efficiency displays steady increases in retained earnings on assets. Earnings per share displays substantial quarter-to-quarter fluctuations.