Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 38.49 (%).Trend:Decrease 60.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.68 (%).Trend:Increase 26.47% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 33.41 (%).Trend:Decrease 31.37% than previous quarter

Overall: decreasing (-13.2%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 149.77 (%).Trend:Decrease 27.97% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 173.96 (%).Trend:Increase 16.15% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 123.88 (%).Trend:Decrease 28.79% than previous quarter

Overall: decreasing (-17.29%). Fluctuation: **Neutral** (moderate variation).


Cost Efficiency
The data from Quater 3 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 160.41 (%).Trend:Decrease 31.88% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 197.04 (%).Trend:Increase 22.84% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 150.53 (%).Trend:Decrease 23.6% than previous quarter

Overall: decreasing (-6.16%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.16 (%).Trend:Decrease 9.35% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.7 (%).Trend:Decrease 37.65% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.38 (%).Trend:Increase 6.36% than previous quarter

Overall: decreasing (-33.68%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 60.58 (%).Trend:Decrease 1.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 70.31 (%).Trend:Increase 16.06% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 70.71 (%).Trend:Increase 0.57% than previous quarter

Overall: increasing (16.72%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 21.83 (USD).Trend:Increase 57.39% than previous quarter
Year 2021 Quarter 2: Earning Per Share 40.06 (USD).Trend:Increase 83.51% than previous quarter
Year 2021 Quarter 3: Earning Per Share 55.42 (USD).Trend:Increase 38.34% than previous quarter

Overall: increasing (153.87%). Fluctuation: **Significant** (high variation).



From Q3 2020 to Q3 2021, liabilities on revenue decreased overall by 13.2%, current assets on revenue decreased by 17.29%, the ratio of retained earnings to revenue decreased by 6.16%, and the SG&A expense ratio decreased by 33.68%.  Retained earnings on assets increased by 16.72%, while earnings per share showed a significant increase of 153.87%.  Fluctuations were generally neutral except for a significant increase in earnings per share.