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 238.99 (%).Trend:Increase 293.14% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80.33 (%).Trend:Decrease 66.39% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 51.01 (%).Trend:Decrease 36.5% than previous quarter

Overall: decreasing (-78.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 308.25 (%).Trend:Increase 298.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 113.33 (%).Trend:Decrease 63.23% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 72.43 (%).Trend:Decrease 36.09% than previous quarter

Overall: decreasing (-76.5%). 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 174.34 (%).Trend:Decrease 2355.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 89.49 (%).Trend:Decrease 48.67% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 61.21 (%).Trend:Decrease 31.6% than previous quarter

Overall: decreasing (-64.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.18 (%).Trend:Decrease 12.12% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.67 (%).Trend:Decrease 2.3% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.56 (%).Trend:Decrease 0.51% than previous quarter

Overall: decreasing (-2.8%). 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 22.36 (%).Trend:Decrease 842.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.14 (%).Trend:Increase 16.91% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.38 (%).Trend:Increase 4.74% than previous quarter

Overall: increasing (22.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 135.29% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.22 (USD).Trend:Increase 266.67% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.35 (USD).Trend:Increase 59.09% than previous quarter

Overall: increasing (483.33%). Fluctuation: **Significant** (high variation).



Financial statements for 2021 reveal significant fluctuation in key financial metrics.  Working capital efficiency, as reflected in liabilities and current assets on revenue, exhibited a substantial decrease from Q1 to Q3 2021, followed by a large increase in Q1 2022.  Cost efficiency displayed a steady decline in the SG&A expense ratio but showed substantial fluctuations in the ratio of retained earnings to revenue. Investment efficiency consistently showed an upward trend in retained earnings on assets.  Earnings per share experienced significant volatility.