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 1785967400.0 (%).Trend:Increase 74.17% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 1966136000.0 (%).Trend:Increase 10.09% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 2180381500.0 (%).Trend:Increase 10.9% than previous quarter

Overall: increasing (22.08%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 3453257500.0 (%).Trend:Decrease 12.85% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 4115013600.0 (%).Trend:Increase 19.16% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 4671273300.0 (%).Trend:Increase 13.52% than previous quarter

Overall: increasing (35.27%). Fluctuation: **Neutral** (moderate 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 1074751700.0 (%).Trend:Increase 53.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1265072300.0 (%).Trend:Increase 17.71% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 1502328700.0 (%).Trend:Increase 18.75% than previous quarter

Overall: increasing (39.78%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 384177200.0 (%).Trend:Decrease 41.28% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 588239300.0 (%).Trend:Increase 53.12% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 892675100.0 (%).Trend:Increase 51.75% than previous quarter

Overall: increasing (132.36%). Fluctuation: **Significant** (high 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 17.26 (%).Trend:Increase 21.04% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 18.15 (%).Trend:Increase 5.16% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.1 (%).Trend:Increase 10.74% than previous quarter

Overall: increasing (16.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.28 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.47 (USD).Trend:Increase 67.86% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.72 (USD).Trend:Increase 53.19% than previous quarter

Overall: increasing (157.14%). Fluctuation: **Significant** (high variation).



Financial analysis from Q1 2021 to Q3 2021 exhibits positive trends. Liabilities on revenue steadily increase (22.08%), while current assets on revenue also increase (35.27%). Cost efficiency shows a positive increase in retained earnings-to-revenue ratio (39.78%) with moderate fluctuation, and a significant increase in SG&A expense ratio (132.36%) with high variation. Investment efficiency shows a positive trend in retained earnings on assets (16.45%) with low variation, and a considerable increase in earnings per share (157.14%) with significant fluctuation.