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 129.0 (%).Trend:Increase 181.97% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.78 (%).Trend:Decrease 59.09% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34.47 (%).Trend:Decrease 34.69% than previous quarter

Overall: decreasing (-73.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 290.52 (%).Trend:Increase 255.07% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 127.0 (%).Trend:Decrease 56.29% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 85.05 (%).Trend:Decrease 33.03% than previous quarter

Overall: decreasing (-70.72%). 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 1192.37 (%).Trend:Increase 173.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 575.37 (%).Trend:Decrease 51.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 389.07 (%).Trend:Decrease 32.38% than previous quarter

Overall: decreasing (-67.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.53 (%).Trend:Decrease 7.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.36 (%).Trend:Decrease 0.72% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.29 (%).Trend:Decrease 0.3% than previous quarter

Overall: decreasing (-1.02%). 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 225.94 (%).Trend:Decrease 12.14% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 239.18 (%).Trend:Increase 5.86% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 243.41 (%).Trend:Increase 1.77% than previous quarter

Overall: increasing (7.73%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.38 (USD).Trend:Decrease 51.33% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.09 (USD).Trend:Increase 113.87% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.72 (USD).Trend:Increase 51.67% than previous quarter

Overall: increasing (224.37%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 reveal a pattern of significant variations in key financial areas. Working capital efficiency (liabilities and current assets on revenue) show decreasing trends, with large fluctuations. Cost efficiency (ratio of retained earnings to revenue) also reveals substantial decreases and high variability. SG&A expense ratio consistently decreased with little fluctuation. Investment efficiency shows a moderate increase, while earnings per share demonstrates a considerable overall increase (224.37%) and high variability.