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 93.64 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71.39 (%).Trend:Decrease 23.76% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 40.41 (%).Trend:Decrease 43.4% than previous quarter

Overall: decreasing (-56.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 211.68 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 78.48 (%).Trend:Decrease 62.93% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 51.0 (%).Trend:Decrease 35.02% than previous quarter

Overall: decreasing (-75.91%). 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 597.81 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 286.44 (%).Trend:Decrease 52.09% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 189.59 (%).Trend:Decrease 33.81% than previous quarter

Overall: decreasing (-68.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.94 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.15 (%).Trend:Increase 1.92% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.98 (%).Trend:Decrease 1.52% than previous quarter

Overall: increasing (0.37%). 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 68.7 (%).Trend:Increase 3.65% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 63.4 (%).Trend:Decrease 7.71% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 65.62 (%).Trend:Increase 3.5% than previous quarter

Overall: decreasing (-4.48%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.95 (USD).Trend:Decrease 52.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.96 (USD).Trend:Increase 106.32% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.07 (USD).Trend:Increase 56.63% than previous quarter

Overall: increasing (223.16%). Fluctuation: **Significant** (high variation).



Financial analysis for Q1 2021 to Q3 2021 exhibits continuing instability. Liabilities and current assets on revenue demonstrate substantial decreases. The ratio of retained earnings to revenue also decreased sharply in Q1 2021.  SG&A expense ratio shows a minor increase. Investment efficiency shows a slight decrease in retained earnings on assets. Earnings per share demonstrate a considerable increase in Q3 2021. The data reveals ongoing instability, particularly in early 2021.