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 274.24 (%).Trend:Increase 108.75% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 149.11 (%).Trend:Decrease 45.63% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 103.8 (%).Trend:Decrease 30.39% than previous quarter

Overall: decreasing (-62.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 592.76 (%).Trend:Decrease 81.68% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 106.18 (%).Trend:Decrease 82.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 100.46 (%).Trend:Decrease 5.39% than previous quarter

Overall: decreasing (-83.05%). 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 1305.18 (%).Trend:Decrease 94.4% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 669.77 (%).Trend:Decrease 48.68% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 475.06 (%).Trend:Decrease 29.07% than previous quarter

Overall: decreasing (-63.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 42.38 (%).Trend:Decrease 85.88% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 43.96 (%).Trend:Increase 3.73% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.97 (%).Trend:Increase 0.02% than previous quarter

Overall: increasing (3.75%). 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 15.7 (%).Trend:Decrease 30.41% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.44 (%).Trend:Increase 11.08% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 19.04 (%).Trend:Increase 9.17% than previous quarter

Overall: increasing (21.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.27 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 111.11% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.84 (USD).Trend:Increase 222.81% than previous quarter

Overall: increasing (581.48%). Fluctuation: **Significant** (high variation).



Analyzing Q1 2021 to Q3 2021 data reveals significant fluctuations in working capital efficiency.  Liabilities on revenue decreased (-62.15%), while current assets on revenue also decreased (-83.05%). Cost efficiency shows a substantial decline in retained earnings to revenue (-63.6%), although the SG&A expense ratio slightly increased (3.75%). Investment efficiency improved, with retained earnings on assets increasing (21.27%), while earnings per share demonstrated a dramatic increase (581.48%).