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 77.68 (%).Trend:Increase 195.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.37 (%).Trend:Decrease 51.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.11 (%).Trend:Decrease 30.13% than previous quarter

Overall: decreasing (-66.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 133.36 (%).Trend:Increase 200.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 65.47 (%).Trend:Decrease 50.91% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 62.98 (%).Trend:Decrease 3.8% than previous quarter

Overall: decreasing (-52.77%). 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 123.77 (%).Trend:Increase 230.58% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 60.57 (%).Trend:Decrease 51.06% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 39.98 (%).Trend:Decrease 33.99% than previous quarter

Overall: decreasing (-67.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 5.14% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.7 (%).Trend:Decrease 3.33% than previous quarter

Overall: decreasing (-3.33%). 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 39.1 (%).Trend:Increase 4.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 39.62 (%).Trend:Increase 1.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 33.91 (%).Trend:Decrease 14.41% than previous quarter

Overall: decreasing (-13.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.64 (USD).Trend:Decrease 36.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 131.25% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.72 (USD).Trend:Increase 83.78% than previous quarter

Overall: increasing (325.0%). Fluctuation: **Significant** (high variation).



Analysis of the provided financial statements reveals significant volatility across various key metrics. Working capital efficiency demonstrates dramatic shifts in liabilities and current assets. Liabilities on revenue decreased substantially from Q1 to Q3 2021 but increased in Q1 2022. Conversely, current assets on revenue followed a similar trend, decreasing then increasing. Cost efficiency shows a modest decrease in SG&A expenses but a large decrease in the ratio of retained earnings to revenue.  Invest efficiency indicates a relatively stable, yet declining trend in retained earnings on assets.  Earnings per share experienced significant variation, increasing sharply then dropping.  Overall, the data suggests a period of significant financial fluctuation requiring further investigation.