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 45.65 (%).Trend:Increase 237.65% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.27 (%).Trend:Decrease 49.03% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 16.6 (%).Trend:Decrease 28.66% than previous quarter

Overall: decreasing (-63.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 99.46 (%).Trend:Increase 298.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.21 (%).Trend:Decrease 51.53% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 31.8 (%).Trend:Decrease 34.04% than previous quarter

Overall: decreasing (-68.03%). 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 104.79 (%).Trend:Increase 245.73% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 51.39 (%).Trend:Decrease 50.96% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 35.28 (%).Trend:Decrease 31.35% than previous quarter

Overall: decreasing (-66.33%). 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 24.51 (%).Trend:Increase 2.98% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 25.77 (%).Trend:Increase 5.14% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.05 (%).Trend:Increase 4.97% than previous quarter

Overall: increasing (10.36%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.97 (USD).Trend:Decrease 73.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.28 (USD).Trend:Increase 135.05% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.3 (USD).Trend:Increase 44.74% than previous quarter

Overall: increasing (240.21%). Fluctuation: **Significant** (high variation).



The financial analysis of Q1-Q3 2021 demonstrates significant volatility in working capital efficiency. Liabilities and current assets on revenue show notable decreases, while cost efficiency (retained earnings to revenue ratio) similarly demonstrates a downward trend.  Investment efficiency, measured by retained earnings on assets, reveals a consistent upward trend. Finally, earnings per share show a notable, but fluctuating, increase overall.