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 139.4 (%).Trend:Increase 195.53% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 65.73 (%).Trend:Decrease 52.85% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 43.63 (%).Trend:Decrease 33.62% than previous quarter

Overall: decreasing (-68.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 192.62 (%).Trend:Increase 202.91% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 91.96 (%).Trend:Decrease 52.26% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 62.79 (%).Trend:Decrease 31.72% than previous quarter

Overall: decreasing (-67.4%). 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 150.49 (%).Trend:Increase 213.26% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 74.73 (%).Trend:Decrease 50.34% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 51.33 (%).Trend:Decrease 31.31% than previous quarter

Overall: decreasing (-65.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.34 (%).Trend:Decrease 1.22% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.5 (%).Trend:Increase 1.41% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.96 (%).Trend:Increase 4.0% than previous quarter

Overall: increasing (5.47%). 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 20.53 (%).Trend:Decrease 5.7% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 20.28 (%).Trend:Decrease 1.22% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.86 (%).Trend:Increase 2.86% than previous quarter

Overall: increasing (1.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 64.06% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.49 (USD).Trend:Increase 113.04% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.83 (USD).Trend:Increase 69.39% than previous quarter

Overall: increasing (260.87%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 reveal substantial fluctuations across key metrics. Working capital efficiency, measured by liabilities and current assets on revenue, declined significantly with high variation. Cost efficiency, as measured by the ratio of retained earnings to revenue, also fell sharply.  Conversely, the SG&A expense ratio showed a modest increase. Investment efficiency (retained earnings on assets) exhibited a minor upward trend. Earnings per share saw a substantial increase, with a notable increase in 2021 Q3.