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 262.58 (%).Trend:Increase 142.95% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 125.08 (%).Trend:Decrease 52.36% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 86.44 (%).Trend:Decrease 30.89% than previous quarter

Overall: decreasing (-67.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 282.42 (%).Trend:Increase 136.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 138.12 (%).Trend:Decrease 51.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 93.46 (%).Trend:Decrease 32.33% than previous quarter

Overall: decreasing (-66.91%). 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 120.37 (%).Trend:Increase 208.17% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 63.21 (%).Trend:Decrease 47.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 48.31 (%).Trend:Decrease 23.57% than previous quarter

Overall: decreasing (-59.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.2 (%).Trend:Decrease 5.78% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.57 (%).Trend:Increase 5.97% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.3 (%).Trend:Increase 11.11% than previous quarter

Overall: increasing (17.74%). 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 14.68 (%).Trend:Increase 20.72% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 15.64 (%).Trend:Increase 6.54% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 16.86 (%).Trend:Increase 7.8% than previous quarter

Overall: increasing (14.85%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.06 (USD).Trend:Decrease 14.52% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.98 (USD).Trend:Increase 93.2% than previous quarter
Year 2021 Quarter 3: Earning Per Share 5.61 (USD).Trend:Increase 40.95% than previous quarter

Overall: increasing (172.33%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 demonstrates fluctuating trends.  Working capital efficiency metrics show declining liabilities and current assets on revenue, with substantial volatility. Cost efficiency, measured by the retained earnings-to-revenue ratio, also exhibits a significant decrease, but notable volatility. Investment efficiency demonstrates a consistent upward trend in retained earnings on assets, while earnings per share shows a substantial increase. The data signifies potential improvement in profitability and investment, but suggests challenges in working capital and cost efficiency management.