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 133.35 (%).Trend:Increase 206.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 68.53 (%).Trend:Decrease 48.61% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 75.3 (%).Trend:Increase 9.88% than previous quarter

Overall: decreasing (-43.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 243.47 (%).Trend:Increase 239.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 131.77 (%).Trend:Decrease 45.88% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 90.65 (%).Trend:Decrease 31.21% than previous quarter

Overall: decreasing (-62.77%). 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 572.57 (%).Trend:Increase 226.42% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 242.96 (%).Trend:Decrease 57.57% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 156.1 (%).Trend:Decrease 35.75% than previous quarter

Overall: decreasing (-72.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.55 (%).Trend:Decrease 7.95% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Decrease 15.17% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.73 (%).Trend:Decrease 9.33% than previous quarter

Overall: decreasing (-23.08%). Fluctuation: **Neutral** (moderate 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 66.08 (%).Trend:Increase 2.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 64.8 (%).Trend:Decrease 1.94% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 65.62 (%).Trend:Increase 1.27% than previous quarter

Overall: decreasing (-0.7%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 67.21% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.95 (USD).Trend:Increase 387.5% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.05 (USD).Trend:Increase 107.69% than previous quarter

Overall: increasing (912.5%). Fluctuation: **Significant** (high variation).



The analysis of Q1 2021 to Q3 2021 shows a decrease in several key metrics: liabilities on revenue (-43.53%), current assets on revenue (-62.77%), and retained earnings to revenue (-72.74%).  However, earnings per share saw a significant increase (912.5%).  The SG&A expense ratio also showed a decrease (-23.08%). Retained earnings on assets remained relatively stable.