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 63.99 (%).Trend:Increase 116.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.62 (%).Trend:Decrease 47.46% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 24.94 (%).Trend:Decrease 25.82% than previous quarter

Overall: decreasing (-61.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 153.04 (%).Trend:Increase 180.81% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 78.8 (%).Trend:Decrease 48.51% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 42.85 (%).Trend:Decrease 45.62% than previous quarter

Overall: decreasing (-72.0%). 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 443.51 (%).Trend:Increase 182.81% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 202.02 (%).Trend:Decrease 54.45% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 125.95 (%).Trend:Decrease 37.65% than previous quarter

Overall: decreasing (-71.6%). Fluctuation: **Significant** (high variation).

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

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 31.43 (%).Trend:Increase 1.91% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.3 (%).Trend:Decrease 6.78% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 28.55 (%).Trend:Decrease 2.56% than previous quarter

Overall: decreasing (-9.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 64.37% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.83 (USD).Trend:Decrease 10.75% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.26 (USD).Trend:Increase 51.81% than previous quarter

Overall: increasing (35.48%). Fluctuation: **Neutral** (moderate variation).



The financial analysis from Q1 2021 to Q3 2021 shows largely negative trends in working capital efficiency. Liabilities and current assets on revenue both decreased significantly, signifying potential issues in managing short-term assets and liabilities.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also declined sharply.  Conversely, investment efficiency, as gauged by retained earnings on assets, experienced a minor decline, while earnings per share demonstrated a surprisingly positive overall growth. The significant fluctuations across most metrics necessitate careful consideration of the underlying business factors.