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 77.56 (%).Trend:Increase 170.62% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 41.94 (%).Trend:Decrease 45.93% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.96 (%).Trend:Decrease 30.95% than previous quarter

Overall: decreasing (-62.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 168.9 (%).Trend:Increase 184.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 86.52 (%).Trend:Decrease 48.77% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 57.51 (%).Trend:Decrease 33.53% than previous quarter

Overall: decreasing (-65.95%). 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 50.95 (%).Trend:Increase 203.64% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.21 (%).Trend:Decrease 44.63% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 20.21 (%).Trend:Decrease 28.36% than previous quarter

Overall: decreasing (-60.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.95 (%).Trend:Increase 10.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.08 (%).Trend:Increase 3.29% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.98 (%).Trend:Decrease 2.45% than previous quarter

Overall: increasing (0.76%). 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 21.65 (%).Trend:Increase 6.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 23.42 (%).Trend:Increase 8.18% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 25.09 (%).Trend:Increase 7.13% than previous quarter

Overall: increasing (15.89%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.67 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.27 (USD).Trend:Increase 89.55% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.68 (USD).Trend:Increase 32.28% than previous quarter

Overall: increasing (150.75%). Fluctuation: **Significant** (high variation).



Financial analysis of Q1-Q3 2021 reveals significant fluctuations in key metrics. Working capital efficiency, measured by liabilities and current assets on revenue, exhibits substantial decreases. Cost efficiency, specifically the retained earnings-to-revenue ratio, also shows a significant decline.  However, the Selling, General & Administrative (SG&A) expense ratio increases slightly, while investment efficiency and earnings per share (EPS) demonstrate significant increases, with marked quarterly variation in EPS.