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 82.95 (%).Trend:Increase 226.19% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.62 (%).Trend:Decrease 46.21% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 26.73 (%).Trend:Decrease 40.09% than previous quarter

Overall: decreasing (-67.78%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 133.07 (%).Trend:Increase 216.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 69.62 (%).Trend:Decrease 47.68% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 44.05 (%).Trend:Decrease 36.73% than previous quarter

Overall: decreasing (-66.9%). 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 276.04 (%).Trend:Increase 183.35% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 138.24 (%).Trend:Decrease 49.92% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 95.93 (%).Trend:Decrease 30.61% than previous quarter

Overall: decreasing (-65.25%). 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 95.84 (%).Trend:Decrease 2.53% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 93.13 (%).Trend:Decrease 2.83% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 98.25 (%).Trend:Increase 5.5% than previous quarter

Overall: increasing (2.51%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.94 (USD).Trend:Decrease 53.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.12 (USD).Trend:Increase 125.53% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.11 (USD).Trend:Increase 46.7% than previous quarter

Overall: increasing (230.85%). Fluctuation: **Significant** (high variation).



The provided financial statements, covering Q1-Q3 2021, show mixed results.  Working capital efficiency metrics (liabilities and current assets on revenue) demonstrate a substantial decrease and significant quarter-to-quarter variability.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, also exhibits a significant negative trend.  However, investment efficiency, as reflected in the retained earnings-on-assets ratio, displays a more stable, positive trend, while earnings per share are increasing overall with large fluctuations.  Careful review is recommended to understand the causes of these large swings.