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 174.44 (%).Trend:Increase 228.33% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 93.18 (%).Trend:Decrease 46.58% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 70.49 (%).Trend:Decrease 24.35% than previous quarter

Overall: decreasing (-59.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 122.7 (%).Trend:Increase 258.98% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 70.55 (%).Trend:Decrease 42.5% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 48.61 (%).Trend:Decrease 31.1% than previous quarter

Overall: decreasing (-60.38%). 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 373.8 (%).Trend:Increase 206.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 180.27 (%).Trend:Decrease 51.77% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 122.43 (%).Trend:Decrease 32.09% than previous quarter

Overall: decreasing (-67.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.87 (%).Trend:Decrease 4.42% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.96 (%).Trend:Increase 0.53% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.59 (%).Trend:Decrease 2.18% than previous quarter

Overall: decreasing (-1.66%). 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 52.18 (%).Trend:Increase 2.76% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 50.68 (%).Trend:Decrease 2.87% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 51.01 (%).Trend:Increase 0.65% than previous quarter

Overall: decreasing (-2.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.04 (USD).Trend:Decrease 59.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.16 (USD).Trend:Increase 107.69% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.13 (USD).Trend:Increase 44.91% than previous quarter

Overall: increasing (200.96%). Fluctuation: **Significant** (high variation).



Analysis of the financial statements indicates significant fluctuations in working capital efficiency, with both liabilities and current assets on revenue showing substantial quarterly variations and overall decreases.  Cost efficiency, specifically the ratio of retained earnings to revenue, also exhibited large fluctuations and a substantial overall decrease.  SG&A expense ratio trends show relatively stable decreases quarter-to-quarter.  Retained earnings on assets are stable. Earnings per share show considerable volatility, increasing overall.