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 112.36 (%).Trend:Increase 327.06% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 50.93 (%).Trend:Decrease 54.67% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.0 (%).Trend:Decrease 37.17% than previous quarter

Overall: decreasing (-71.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 188.53 (%).Trend:Increase 262.14% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.02 (%).Trend:Decrease 49.6% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 68.57 (%).Trend:Decrease 27.84% than previous quarter

Overall: decreasing (-63.63%). 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 301.72 (%).Trend:Increase 314.39% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 149.62 (%).Trend:Decrease 50.41% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 102.34 (%).Trend:Decrease 31.6% than previous quarter

Overall: decreasing (-66.08%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.85 (%).Trend:Increase 11.82% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.57 (%).Trend:Decrease 8.62% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.33 (%).Trend:Decrease 9.14% than previous quarter

Overall: decreasing (-16.97%). 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 27.28 (%).Trend:Increase 15.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.38 (%).Trend:Increase 7.7% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 35.68 (%).Trend:Increase 21.44% than previous quarter

Overall: increasing (30.79%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 67.26% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.89 (USD).Trend:Increase 140.54% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.5 (USD).Trend:Increase 68.54% than previous quarter

Overall: increasing (305.41%). Fluctuation: **Significant** (high variation).



Financial data from Q1 to Q3 2021 reveals negative trends in working capital efficiency (both liabilities and current assets on revenue decreasing). Cost efficiency (ratio of retained earnings to revenue) also decreased substantially, whereas SG&A expense ratio decreased slightly.  Investment efficiency showed an increase in retained earnings on assets, and earnings per share also increased significantly overall.