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 76.99 (%).Trend:Increase 178.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.16 (%).Trend:Decrease 47.84% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 28.6 (%).Trend:Decrease 28.78% than previous quarter

Overall: decreasing (-62.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 134.01 (%).Trend:Increase 175.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 68.92 (%).Trend:Decrease 48.57% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 47.61 (%).Trend:Decrease 30.92% than previous quarter

Overall: decreasing (-64.47%). 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 1.21 (%).Trend:Increase 8.04% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 2.02 (%).Trend:Increase 66.94% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 2.41 (%).Trend:Increase 19.31% than previous quarter

Overall: increasing (99.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.25 (%).Trend:Decrease 7.24% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.59 (%).Trend:Increase 1.12% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.98 (%).Trend:Decrease 1.99% than previous quarter

Overall: decreasing (-0.89%). 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 0.66 (%).Trend:Decrease 60.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.2 (%).Trend:Increase 233.33% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 3.85 (%).Trend:Increase 75.0% than previous quarter

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

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.99 (USD).Trend:Decrease 47.34% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.34 (USD).Trend:Increase 136.36% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.89 (USD).Trend:Increase 66.24% than previous quarter

Overall: increasing (292.93%). Fluctuation: **Significant** (high variation).



Financial performance from Q1 to Q3 2021 displays significant volatility.  Working capital efficiency is decreasing sharply, showing large swings in liabilities and current assets on revenue. Cost efficiency, particularly the retained earnings-to-revenue ratio, is increasing substantially but with large quarterly fluctuations.  The selling, general, and administrative (SG&A) expense ratio is decreasing slightly, exhibiting low variation. Investment efficiency and earnings per share show substantial growth, yet these are also highly volatile. The mixed results suggest an urgent need for deeper analysis.