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 52.8 (%).Trend:Increase 188.37% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.81 (%).Trend:Decrease 45.44% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.37 (%).Trend:Decrease 36.24% than previous quarter

Overall: decreasing (-65.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 461.33 (%).Trend:Increase 439.19% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 231.85 (%).Trend:Decrease 49.74% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 157.27 (%).Trend:Decrease 32.17% than previous quarter

Overall: decreasing (-65.91%). 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 47.19 (%).Trend:Increase 321.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 26.61 (%).Trend:Decrease 43.61% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 19.81 (%).Trend:Decrease 25.55% than previous quarter

Overall: decreasing (-58.02%). 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 7.3 (%).Trend:Increase 0.69% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.31 (%).Trend:Increase 13.84% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 9.28 (%).Trend:Increase 11.67% than previous quarter

Overall: increasing (27.12%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 76.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.6 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.87 (USD).Trend:Increase 45.0% than previous quarter

Overall: increasing (190.0%). Fluctuation: **Significant** (high variation).



Financial statements show a general trend of decreasing working capital efficiency, evidenced by significant fluctuations in liabilities and current assets on revenue and a declining ratio of retained earnings to revenue. Earnings per share show substantial increases and decreases over the timeframe.  A neutral fluctuation is observed in retained earnings on assets.