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 82.76 (%).Trend:Increase 186.37% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.79 (%).Trend:Decrease 48.3% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 27.97 (%).Trend:Decrease 34.63% than previous quarter

Overall: decreasing (-66.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 55.58 (%).Trend:Increase 137.42% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 27.38 (%).Trend:Decrease 50.74% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 18.81 (%).Trend:Decrease 31.3% than previous quarter

Overall: decreasing (-66.16%). 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 227.67 (%).Trend:Increase 205.31% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 112.88 (%).Trend:Decrease 50.42% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 75.63 (%).Trend:Decrease 33.0% than previous quarter

Overall: decreasing (-66.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.22 (%).Trend:Decrease 2.57% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 5.09% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Decrease 1.77% than previous quarter

Overall: increasing (3.23%). 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 25.42 (%).Trend:Increase 3.92% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 25.52 (%).Trend:Increase 0.39% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 25.83 (%).Trend:Increase 1.21% than previous quarter

Overall: increasing (1.61%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 59.39% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.96 (USD).Trend:Increase 110.75% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.06 (USD).Trend:Increase 56.12% than previous quarter

Overall: increasing (229.03%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show a mostly downward trend with significant volatility. Liabilities and current assets on revenue both show substantial decreases overall, but with large swings quarter-to-quarter. The ratio of retained earnings to revenue also shows a decrease overall.  However, the SG&A expense ratio remains relatively stable, increasing slightly. Invest efficiency remains stable with a slight increase. Earnings per share demonstrate substantial improvement, increasing overall.