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 77.68 (%).Trend:Increase 195.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.37 (%).Trend:Decrease 51.89% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.11 (%).Trend:Decrease 30.13% than previous quarter

Overall: decreasing (-66.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 133.36 (%).Trend:Increase 200.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 65.47 (%).Trend:Decrease 50.91% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 62.98 (%).Trend:Decrease 3.8% than previous quarter

Overall: decreasing (-52.77%). 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 123.77 (%).Trend:Increase 230.58% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 60.57 (%).Trend:Decrease 51.06% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 39.98 (%).Trend:Decrease 33.99% than previous quarter

Overall: decreasing (-67.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 5.14% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.7 (%).Trend:Decrease 3.33% than previous quarter

Overall: decreasing (-3.33%). 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 39.1 (%).Trend:Increase 4.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 39.62 (%).Trend:Increase 1.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 33.91 (%).Trend:Decrease 14.41% than previous quarter

Overall: decreasing (-13.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.64 (USD).Trend:Decrease 36.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 131.25% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.72 (USD).Trend:Increase 83.78% than previous quarter

Overall: increasing (325.0%). Fluctuation: **Significant** (high variation).



The financial statements from Q1 to Q3 2021 present a mixed picture of financial health.  Working capital efficiency shows significant volatility, with liabilities on revenue and current assets on revenue exhibiting substantial fluctuations. Cost efficiency reveals a minor decrease in SG&A expense, contrasting with a substantial decrease in the retained earnings to revenue ratio. Invest efficiency indicates a steady yet modest decline in retained earning on assets. Earnings per share reveal substantial variation, rising sharply then dropping. Overall, the company experienced considerable fluctuations, emphasizing the need for a deeper analysis to understand underlying drivers.