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 67.36 (%).Trend:Increase 129.9% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 34.19 (%).Trend:Decrease 49.24% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 21.78 (%).Trend:Decrease 36.3% than previous quarter

Overall: decreasing (-67.67%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 122.98 (%).Trend:Increase 169.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 56.14 (%).Trend:Decrease 54.35% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 40.36 (%).Trend:Decrease 28.11% than previous quarter

Overall: decreasing (-67.18%). 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 36.24 (%).Trend:Increase 308.57% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 21.33 (%).Trend:Decrease 41.14% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 16.99 (%).Trend:Decrease 20.35% than previous quarter

Overall: decreasing (-53.12%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 41.86 (%).Trend:Decrease 2.36% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.25 (%).Trend:Increase 0.93% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 42.21 (%).Trend:Decrease 0.09% than previous quarter

Overall: increasing (0.84%). 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 8.0 (%).Trend:Increase 71.31% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 9.76 (%).Trend:Increase 22.0% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 11.31 (%).Trend:Increase 15.88% than previous quarter

Overall: increasing (41.38%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.53 (USD).Trend:Increase 5200.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.99 (USD).Trend:Increase 86.79% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.49 (USD).Trend:Increase 50.51% than previous quarter

Overall: increasing (181.13%). Fluctuation: **Significant** (high variation).



Financial analysis for 2021 Q1-Q3 shows significant fluctuations in several key areas. Working capital efficiency, measured by liabilities and current assets on revenue, decreased considerably. Cost efficiency, particularly the ratio of retained earnings to revenue, decreased significantly. Selling, General, and Administrative (SG&A) expense ratios remained relatively stable. Investment efficiency demonstrated an overall positive trend in retained earnings on assets.  Earnings per share increased substantially.  The consistent significant fluctuations highlight potential operational challenges and need for further investigation.