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 146.05 (%).Trend:Increase 217.22% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 81.17 (%).Trend:Decrease 44.42% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 41.03 (%).Trend:Decrease 49.45% than previous quarter

Overall: decreasing (-71.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 162.26 (%).Trend:Increase 169.4% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 97.84 (%).Trend:Decrease 39.7% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 54.0 (%).Trend:Decrease 44.81% than previous quarter

Overall: decreasing (-66.72%). 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 464.4 (%).Trend:Increase 197.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 217.27 (%).Trend:Decrease 53.21% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 134.08 (%).Trend:Decrease 38.29% than previous quarter

Overall: decreasing (-71.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.43 (%).Trend:Increase 5.73% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.11 (%).Trend:Decrease 7.22% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.6 (%).Trend:Decrease 12.41% than previous quarter

Overall: decreasing (-18.74%). Fluctuation: **Neutral** (moderate 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 53.6 (%).Trend:Increase 3.94% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 51.58 (%).Trend:Decrease 3.77% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 54.17 (%).Trend:Increase 5.02% than previous quarter

Overall: increasing (1.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.41 (USD).Trend:Decrease 195.35% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.56 (USD).Trend:Increase 280.49% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.54 (USD).Trend:Increase 62.82% than previous quarter

Overall: increasing (519.51%). Fluctuation: **Significant** (high variation).



Significant fluctuations are observed in working capital efficiency. Liabilities on revenue decreased substantially from Q1 to Q3 2021, but then increased in Q1 2022, showing a significant upward trend. Current assets on revenue also exhibited a similar pattern of significant decrease followed by an increase in Q1 2022. Cost efficiency showed a significant decrease in the ratio of retained earnings to revenue, while the Selling, General & Administrative (SG&A) expense ratio decreased steadily. Investment efficiency exhibited a modest increase in retained earnings on assets.  Earnings per share had a large variance, showing a substantial increase in Q2 and Q3 2021 and further increase in Q1 and Q2 2022.