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 98.86 (%).Trend:Increase 177.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.63 (%).Trend:Decrease 51.82% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.9 (%).Trend:Decrease 35.12% than previous quarter

Overall: decreasing (-68.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 178.51 (%).Trend:Increase 211.97% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 90.74 (%).Trend:Decrease 49.17% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 53.23 (%).Trend:Decrease 41.34% than previous quarter

Overall: decreasing (-70.18%). 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 287.67 (%).Trend:Increase 210.63% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 140.1 (%).Trend:Decrease 51.3% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 92.44 (%).Trend:Decrease 34.02% than previous quarter

Overall: decreasing (-67.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.91 (%).Trend:Increase 4.4% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.38 (%).Trend:Decrease 5.12% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.2 (%).Trend:Decrease 4.16% than previous quarter

Overall: decreasing (-9.06%). 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 45.58 (%).Trend:Increase 2.08% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 45.72 (%).Trend:Increase 0.31% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 48.31 (%).Trend:Increase 5.66% than previous quarter

Overall: increasing (5.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 112.98% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.76 (USD).Trend:Increase 158.82% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.9 (USD).Trend:Increase 64.77% than previous quarter

Overall: increasing (326.47%). Fluctuation: **Significant** (high variation).



The Q1-Q3 2021 financial statements show considerable volatility in working capital, with liabilities and current assets on revenue declining significantly. Cost efficiency, represented by the retained earnings-to-revenue ratio, also exhibited a substantial downward trend, all exhibiting substantial fluctuations.  The selling, general and administrative (SG&A) expense ratio decreased modestly, with minimal fluctuation. Investment efficiency, based on retained earnings on assets, increased steadily, exhibiting limited fluctuation.  Earnings per share displayed a considerable increase, but with significant fluctuations.