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 63.92 (%).Trend:Increase 173.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.65 (%).Trend:Decrease 58.31% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 15.51 (%).Trend:Decrease 41.8% than previous quarter

Overall: decreasing (-75.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 63.9 (%).Trend:Increase 169.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28.01 (%).Trend:Decrease 56.17% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 15.98 (%).Trend:Decrease 42.95% than previous quarter

Overall: decreasing (-74.99%). 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 27.7 (%).Trend:Increase 188.84% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.35 (%).Trend:Decrease 48.19% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 10.42 (%).Trend:Decrease 27.39% than previous quarter

Overall: decreasing (-62.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 6.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.94 (%).Trend:Decrease 4.24% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.11 (%).Trend:Increase 1.71% than previous quarter

Overall: decreasing (-2.6%). 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 20.91 (%).Trend:Increase 9.59% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.09 (%).Trend:Increase 15.21% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 27.39 (%).Trend:Increase 13.7% than previous quarter

Overall: increasing (30.99%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 165.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.04 (USD).Trend:Increase 208.4% than previous quarter
Year 2021 Quarter 3: Earning Per Share 6.08 (USD).Trend:Increase 50.5% than previous quarter

Overall: increasing (364.12%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 2021 show a complex financial picture.  Working capital efficiency metrics decreased considerably with significant volatility. Cost efficiency, as measured by retained earnings-to-revenue, displays a steep overall decline. SG&A expense ratio trended downwards, showing relatively less fluctuation. Investment efficiency demonstrates a positive trend. Earnings per share demonstrated substantial fluctuations that ultimately resulted in a considerable increase.  The overall picture suggests potential challenges in working capital management and cost efficiency, but hints at improvement in earnings and investment efficiency.