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 65.22 (%).Trend:Increase 281.18% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 38.05 (%).Trend:Decrease 41.66% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.49 (%).Trend:Decrease 25.12% than previous quarter

Overall: decreasing (-56.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 520.52 (%).Trend:Increase 254.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 245.09 (%).Trend:Decrease 52.91% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 159.33 (%).Trend:Decrease 34.99% than previous quarter

Overall: decreasing (-69.39%). 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 186.32 (%).Trend:Increase 245.55% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 84.15 (%).Trend:Decrease 54.84% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 54.88 (%).Trend:Decrease 34.78% than previous quarter

Overall: decreasing (-70.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.4 (%).Trend:Increase 4.01% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.87 (%).Trend:Decrease 4.65% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Decrease 1.2% than previous quarter

Overall: decreasing (-5.79%). 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 17.92 (%).Trend:Decrease 3.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.22 (%).Trend:Decrease 3.91% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 17.57 (%).Trend:Increase 2.03% than previous quarter

Overall: decreasing (-1.95%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.24 (USD).Trend:Decrease 63.64% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.42 (USD).Trend:Increase 75.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.64 (USD).Trend:Increase 52.38% than previous quarter

Overall: increasing (166.67%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2021 show significant volatility. Working capital efficiency metrics, including liabilities and current assets on revenue, declined substantially. Cost efficiency, particularly the ratio of retained earnings to revenue, decreased sharply. SG&A expenses show a slight downward trend. Investment efficiency showed minimal variation. Earnings per share displayed a significant overall increase despite initial declines.