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

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 38.9 (%).Trend:Decrease 32.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.8 (%).Trend:Increase 10.03% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.53 (%).Trend:Decrease 28.67% than previous quarter

Overall: decreasing (-21.52%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32.51 (%).Trend:Decrease 53.83% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 44.77 (%).Trend:Increase 37.71% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 29.0 (%).Trend:Decrease 35.22% than previous quarter

Overall: decreasing (-10.8%). Fluctuation: **Neutral** (moderate variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 210.97 (%).Trend:Decrease 35.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 255.15 (%).Trend:Increase 20.94% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 149.12 (%).Trend:Decrease 41.56% than previous quarter

Overall: decreasing (-29.32%). Fluctuation: **Significant** (high variation).

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

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

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 47.36 (%).Trend:Decrease 0.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 48.96 (%).Trend:Increase 3.38% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 48.11 (%).Trend:Decrease 1.74% than previous quarter

Overall: increasing (1.58%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q3 2020 to Q3 2021 reveals fluctuating trends. Liabilities on Revenue show a decrease overall, but with moderate variation. Current assets on Revenue also demonstrate a moderate decrease with moderate fluctuation. Cost Efficiency, utilizing the Ratio of Retained Earnings to Revenue, displays a significant decrease overall, with high volatility. Invest Efficiency demonstrates a small overall increase with minimal fluctuation. Earning Per Share data is missing.