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 57.92 (%).Trend:Increase 230.22% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.82 (%).Trend:Decrease 50.24% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 19.06 (%).Trend:Decrease 33.87% than previous quarter

Overall: decreasing (-67.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 132.65 (%).Trend:Increase 181.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 63.58 (%).Trend:Decrease 52.07% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 42.4 (%).Trend:Decrease 33.31% than previous quarter

Overall: decreasing (-68.04%). 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 35.38 (%).Trend:Increase 381.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 18.43 (%).Trend:Decrease 47.91% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 12.59 (%).Trend:Decrease 31.69% than previous quarter

Overall: decreasing (-64.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.66 (%).Trend:Decrease 6.24% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.58 (%).Trend:Decrease 0.75% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.94 (%).Trend:Decrease 6.05% than previous quarter

Overall: decreasing (-6.75%). 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 5.58 (%).Trend:Increase 56.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 6.2 (%).Trend:Increase 11.11% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 6.53 (%).Trend:Increase 5.32% than previous quarter

Overall: increasing (17.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.35 (USD).Trend:Decrease 65.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 108.57% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.05 (USD).Trend:Increase 43.84% than previous quarter

Overall: increasing (200.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 highlight a mixed performance. Working capital efficiency shows a decrease in both liabilities and current assets on revenue, with high fluctuation.  Cost efficiency exhibits a decrease in the ratio of retained earnings to revenue with high variation.  SG&A expenses show a small decline. Investment efficiency, on the other hand, demonstrates a consistent upward trend in retained earnings on assets. Finally, earning per share reveals a clear upward trend, though with substantial variation.