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 42.42 (%).Trend:Increase 202.57% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.77 (%).Trend:Decrease 36.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 23.06 (%).Trend:Decrease 13.86% than previous quarter

Overall: decreasing (-45.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 528.13 (%).Trend:Increase 272.6% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 298.4 (%).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 208.75 (%).Trend:Decrease 30.04% than previous quarter

Overall: decreasing (-60.47%). 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 102.63 (%).Trend:Increase 390.11% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 62.1 (%).Trend:Decrease 39.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 45.27 (%).Trend:Decrease 27.1% than previous quarter

Overall: decreasing (-55.89%). 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 13.8 (%).Trend:Increase 38.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 14.7 (%).Trend:Increase 6.52% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 15.25 (%).Trend:Increase 3.74% than previous quarter

Overall: increasing (10.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 70.73% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.14 (USD).Trend:Increase 16.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.16 (USD).Trend:Increase 14.29% than previous quarter

Overall: increasing (33.33%). Fluctuation: **Neutral** (moderate variation).



Financial performance in 2021 displays significant volatility in working capital efficiency. Liabilities on revenue decreased by 45.64% and current assets by 60.47%, both showing large quarter-to-quarter changes. Cost efficiency, as measured by the ratio of retained earnings to revenue, also decreased by 55.89% with high fluctuation. Investment efficiency, calculated as the ratio of retained earnings to assets, shows a positive trend with minimal fluctuation, increasing by 10.51%. Earnings per share are increasing by 33.33%, with moderate variation.