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 65.67 (%).Trend:Increase 147.9% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 34.18 (%).Trend:Decrease 47.95% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 24.76 (%).Trend:Decrease 27.56% than previous quarter

Overall: decreasing (-62.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 252.28 (%).Trend:Increase 170.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 128.17 (%).Trend:Decrease 49.2% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 90.08 (%).Trend:Decrease 29.72% than previous quarter

Overall: decreasing (-64.29%). 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 403.02 (%).Trend:Increase 202.54% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 208.0 (%).Trend:Decrease 48.39% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 146.89 (%).Trend:Decrease 29.38% than previous quarter

Overall: decreasing (-63.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.19 (%).Trend:Decrease 2.4% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.2 (%).Trend:Increase 0.04% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.41 (%).Trend:Increase 0.77% than previous quarter

Overall: increasing (0.81%). 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 67.97 (%).Trend:Increase 8.63% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 70.38 (%).Trend:Increase 3.55% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 70.25 (%).Trend:Decrease 0.18% than previous quarter

Overall: increasing (3.35%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.54 (USD).Trend:Decrease 34.94% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.33 (USD).Trend:Increase 146.3% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.87 (USD).Trend:Increase 40.6% than previous quarter

Overall: increasing (246.3%). Fluctuation: **Significant** (high variation).



Analysis of Q1-Q3 2021 reveals significant fluctuations in working capital efficiency metrics (liabilities, current assets, retained earnings on revenue), all decreasing substantially. Cost efficiency shows a slight increase in SG&A expense ratio, while retained earnings on revenue decreased significantly. Investment efficiency metrics show a small increase in retained earnings on assets and a substantial increase in earnings per share, both with significant fluctuations.