Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 56.4 (%).Trend:Increase 207.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.72 (%).Trend:Decrease 56.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.14 (%).Trend:Decrease 26.62% than previous quarter

Overall: decreasing (-67.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 127.12 (%).Trend:Increase 155.11% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.03 (%).Trend:Decrease 49.63% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.15 (%).Trend:Decrease 23.24% than previous quarter

Overall: decreasing (-61.34%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -55.31 (%).Trend:Increase 50.54% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -19.09 (%).Trend:Decrease 65.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -4.29 (%).Trend:Decrease 77.53% than previous quarter

Overall: increasing (-92.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.61 (%).Trend:Decrease 15.81% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.45 (%).Trend:Decrease 6.13% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.57 (%).Trend:Increase 4.9% than previous quarter

Overall: decreasing (-1.53%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets -34.84 (%).Trend:Decrease 39.27% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.29 (%).Trend:Decrease 33.15% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.83 (%).Trend:Decrease 70.67% than previous quarter

Overall: increasing (-80.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 2.46 (USD).Trend:Decrease 43.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 103.25% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.33 (USD).Trend:Increase 46.6% than previous quarter

Overall: increasing (197.97%). Fluctuation: **Significant** (high variation).



From Q1 2020 to Q3 2021, liabilities on revenue decreased significantly (-67.84%), and current assets on revenue also decreased (-61.34%), exhibiting considerable variation. The ratio of retained earnings to revenue showed substantial improvement (-92.24%), while the SG&A expense ratio decreased slightly (-1.53%). Retained earnings on assets improved significantly (-80.4%), with earnings per share increasing substantially (197.97%), demonstrating significant fluctuations.