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 reveals a mixed bag. Working capital efficiency exhibits significant volatility, with decreasing liabilities and current assets on revenue.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a considerable decline.  A relatively stable SG&A expense ratio suggests consistency in operational costs.  Investment efficiency shows an increasing trend in retained earnings on assets.  Earnings per share demonstrated a notable increase. Overall, significant fluctuations suggest potential operational challenges, but also potential for growth.