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 86.95 (%).Trend:Increase 246.0% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.57 (%).Trend:Decrease 39.54% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 37.66 (%).Trend:Decrease 28.36% than previous quarter

Overall: decreasing (-56.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 179.89 (%).Trend:Increase 212.09% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 100.02 (%).Trend:Decrease 44.4% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 68.58 (%).Trend:Decrease 31.43% than previous quarter

Overall: decreasing (-61.88%). 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 227.72 (%).Trend:Increase 219.61% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 109.88 (%).Trend:Decrease 51.75% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 59.33 (%).Trend:Decrease 46.0% than previous quarter

Overall: decreasing (-73.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.99 (%).Trend:Increase 1.93% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.59 (%).Trend:Decrease 8.28% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.66 (%).Trend:Increase 4.02% than previous quarter

Overall: decreasing (-4.59%). 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 48.51 (%).Trend:Decrease 3.6% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 48.09 (%).Trend:Decrease 0.87% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 40.79 (%).Trend:Decrease 15.18% than previous quarter

Overall: decreasing (-15.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 2.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 150.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 9.2 (USD).Trend:Increase 84.0% than previous quarter

Overall: increasing (360.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1-Q3 2021 reveal significant fluctuations in working capital efficiency. Liabilities on revenue and current assets on revenue show substantial decreases, followed by significant increases. Cost efficiency, measured by the ratio of retained earnings to revenue, declined sharply.  Selling, general, and administrative (SG&A) expense ratio shows little variation.  Investment efficiency (retained earnings on assets) shows a moderate, consistent decrease.  Earnings per share displays a pattern of significant fluctuation, rising in the middle and then dropping in the final quarter.