Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 57.51 (%).Trend:Increase 174.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.16 (%).Trend:Decrease 49.3% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 17.88 (%).Trend:Decrease 38.68% than previous quarter

Overall: decreasing (-68.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 128.85 (%).Trend:Increase 205.33% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 57.81 (%).Trend:Decrease 55.13% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 42.69 (%).Trend:Decrease 26.15% than previous quarter

Overall: decreasing (-66.87%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 387.02 (%).Trend:Increase 241.32% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 199.74 (%).Trend:Decrease 48.39% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 137.93 (%).Trend:Decrease 30.95% than previous quarter

Overall: decreasing (-64.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 25.73 (%).Trend:Increase 10.43% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 27.15 (%).Trend:Increase 5.52% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 28.06 (%).Trend:Increase 3.35% than previous quarter

Overall: increasing (9.06%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.87 (USD).Trend:Decrease 57.97% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.76 (USD).Trend:Increase 102.3% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.57 (USD).Trend:Increase 46.02% than previous quarter

Overall: increasing (195.4%). Fluctuation: **Significant** (high variation).



The financial data from Q1 2020 to Q3 2021 shows significant decreases in liabilities on revenue, current assets on revenue, and retained earnings to revenue ratios, all exhibiting high variability.  In contrast, retained earnings on assets demonstrated a small, consistent increase. Earnings per share experienced a substantial increase, though with significant fluctuation.  The analysis covers three quarters.