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 262.58 (%).Trend:Increase 142.95% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 125.08 (%).Trend:Decrease 52.36% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 86.44 (%).Trend:Decrease 30.89% than previous quarter

Overall: decreasing (-67.08%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 282.42 (%).Trend:Increase 136.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 138.12 (%).Trend:Decrease 51.09% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 93.46 (%).Trend:Decrease 32.33% 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 120.37 (%).Trend:Increase 208.17% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 63.21 (%).Trend:Decrease 47.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 48.31 (%).Trend:Decrease 23.57% than previous quarter

Overall: decreasing (-59.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.2 (%).Trend:Decrease 5.78% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.57 (%).Trend:Increase 5.97% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.3 (%).Trend:Increase 11.11% than previous quarter

Overall: increasing (17.74%). 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 14.68 (%).Trend:Increase 20.72% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 15.64 (%).Trend:Increase 6.54% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 16.86 (%).Trend:Increase 7.8% than previous quarter

Overall: increasing (14.85%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.06 (USD).Trend:Decrease 14.52% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.98 (USD).Trend:Increase 93.2% than previous quarter
Year 2021 Quarter 3: Earning Per Share 5.61 (USD).Trend:Increase 40.95% than previous quarter

Overall: increasing (172.33%). Fluctuation: **Significant** (high variation).



The financial analysis for Q1 2021 to Q3 2021 shows a mixed performance. Working capital efficiency shows a significant decrease in liabilities and current assets, with high variation.  Cost efficiency, particularly the retained earnings-to-revenue ratio, also experienced a notable decrease with significant volatility.  Investment efficiency demonstrates a consistent increase in retained earnings on assets, though with little fluctuation. Earnings per share saw a substantial increase.  Overall, the data indicates areas of improvement in earnings and investment, but significant volatility in working capital and cost efficiency.