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 78.91 (%).Trend:Increase 57.41% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.96 (%).Trend:Decrease 48.09% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 31.02 (%).Trend:Decrease 24.27% than previous quarter

Overall: decreasing (-60.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 124.99 (%).Trend:Increase 64.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.5 (%).Trend:Decrease 51.6% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.36 (%).Trend:Decrease 31.64% than previous quarter

Overall: decreasing (-66.91%). 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 8.06 (%).Trend:Decrease 266.87% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 6.34 (%).Trend:Decrease 21.34% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 4.37 (%).Trend:Decrease 31.07% than previous quarter

Overall: decreasing (-45.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.35 (%).Trend:Decrease 35.02% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.05 (%).Trend:Increase 2.31% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.73 (%).Trend:Increase 2.19% than previous quarter

Overall: increasing (4.55%). 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 2.5 (%).Trend:Decrease 202.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.99 (%).Trend:Increase 59.6% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 4.02 (%).Trend:Increase 0.75% than previous quarter

Overall: increasing (60.8%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.58 (USD).Trend:Decrease 145.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.11 (USD).Trend:Increase 59.3% than previous quarter
Year 2021 Quarter 3: Earning Per Share 4.31 (USD).Trend:Increase 4.87% than previous quarter

Overall: increasing (67.05%). Fluctuation: **Neutral** (moderate variation).



During Q1 2021 to Q3 2021, liabilities and current assets on revenue decreased significantly (-60.69% and -66.91% respectively), suggesting improved working capital efficiency. The ratio of retained earnings to revenue also decreased (-45.78%), indicating a decline in profitability.  However, SG&A expenses remained relatively stable (+4.55%).  Investment efficiency metrics (retained earnings on assets and EPS) showed improvement (+60.8% and +67.05% respectively), with moderate fluctuation.