Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 108.98 (%).Trend:Increase 219.78% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 57.21 (%).Trend:Decrease 47.5% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 37.0 (%).Trend:Decrease 35.33% than previous quarter

Overall: decreasing (-66.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 225.0 (%).Trend:Increase 167.38% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 114.35 (%).Trend:Decrease 49.18% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 77.96 (%).Trend:Decrease 31.82% than previous quarter

Overall: decreasing (-65.35%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 0.26 (%).Trend:Decrease 92.28% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -0.39 (%).Trend:Decrease 250.0% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 1.93 (%).Trend:Decrease 594.87% than previous quarter

Overall: increasing (642.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.29 (%).Trend:Decrease 8.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.91 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.4 (%).Trend:Decrease 1.9% than previous quarter

Overall: increasing (0.42%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets 0.04 (%).Trend:Decrease 97.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -0.12 (%).Trend:Decrease 400.0% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 0.86 (%).Trend:Decrease 816.67% than previous quarter

Overall: increasing (2050.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.94 (USD).Trend:Decrease 6.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.65 (USD).Trend:Increase 75.53% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.52 (USD).Trend:Increase 52.73% than previous quarter

Overall: increasing (168.09%). Fluctuation: **Significant** (high variation).



The data (Q1 2020 - Q3 2021) shows decreasing trends in liabilities on revenue (-66.05%) and current assets on revenue (-65.35%), with significant fluctuations.  Conversely, the ratio of retained earnings to revenue increased substantially (642.31%), also with high variation.  SG&A expense ratio showed a slight overall increase (0.42%), indicating relative stability. Retained earnings on assets increased significantly (2050%), and earnings per share increased significantly (168.09%).