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 51.92 (%).Trend:Increase 181.56% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.03 (%).Trend:Decrease 53.72% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.6 (%).Trend:Decrease 22.6% than previous quarter

Overall: decreasing (-64.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 242.69 (%).Trend:Increase 184.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 106.92 (%).Trend:Decrease 55.94% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 76.68 (%).Trend:Decrease 28.28% than previous quarter

Overall: decreasing (-68.4%). 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 124.32 (%).Trend:Increase 223.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 64.68 (%).Trend:Decrease 47.97% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 47.41 (%).Trend:Decrease 26.7% than previous quarter

Overall: decreasing (-61.86%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.92 (%).Trend:Decrease 5.18% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Decrease 4.6% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.93 (%).Trend:Decrease 2.64% than previous quarter

Overall: decreasing (-7.11%). 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 21.73 (%).Trend:Increase 17.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.41 (%).Trend:Increase 12.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 26.19 (%).Trend:Increase 7.29% than previous quarter

Overall: increasing (20.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.63 (USD).Trend:Decrease 37.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.28 (USD).Trend:Increase 103.17% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.15 (USD).Trend:Increase 67.97% than previous quarter

Overall: increasing (241.27%). Fluctuation: **Significant** (high variation).



The financial data from Q1 2021 to Q3 2021 shows a mixed performance. Working capital efficiency metrics (liabilities and current assets on revenue) decreased significantly, indicating potential concerns. Cost efficiency, as measured by the ratio of retained earnings to revenue, also fell sharply. However,  SG&A expenses decreased modestly, suggesting improved cost control.  Investment efficiency, represented by retained earnings on assets, showed modest improvement, while earnings per share experienced substantial growth.  High volatility across metrics warrants further investigation.