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 104.78 (%).Trend:Increase 191.06% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.55 (%).Trend:Decrease 57.48% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34.19 (%).Trend:Decrease 23.25% than previous quarter

Overall: decreasing (-67.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 80.0 (%).Trend:Increase 109.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 38.48 (%).Trend:Decrease 51.9% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 25.49 (%).Trend:Decrease 33.76% than previous quarter

Overall: decreasing (-68.14%). 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 1118.93 (%).Trend:Increase 197.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 543.05 (%).Trend:Decrease 51.47% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 361.91 (%).Trend:Decrease 33.36% than previous quarter

Overall: decreasing (-67.66%). 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 84.18 (%).Trend:Increase 5.99% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 85.57 (%).Trend:Increase 1.65% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 86.74 (%).Trend:Increase 1.37% than previous quarter

Overall: increasing (3.04%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.01 (USD).Trend:Decrease 65.64% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.73 (USD).Trend:Increase 135.32% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.31 (USD).Trend:Increase 54.55% than previous quarter

Overall: increasing (263.68%). Fluctuation: **Significant** (high variation).



The financial analysis of Q1-Q3 2021 reveals substantial volatility in key financial metrics.  Significant decreases in liabilities and current assets to revenue are concerning, potentially pointing to cash flow issues.  Cost efficiency, measured by the declining retained earnings to revenue ratio, aligns with the working capital concerns.  In contrast, retained earnings on assets exhibit a stable upward trend, suggesting resilience in asset management. Earning per share increased substantially but with significant variations, indicating a dynamic and uncertain profitability profile.