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

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 38.9 (%).Trend:Decrease 32.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.8 (%).Trend:Increase 10.03% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 30.53 (%).Trend:Decrease 28.67% than previous quarter

Overall: decreasing (-21.52%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32.51 (%).Trend:Decrease 53.83% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 44.77 (%).Trend:Increase 37.71% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 29.0 (%).Trend:Decrease 35.22% than previous quarter

Overall: decreasing (-10.8%). Fluctuation: **Neutral** (moderate variation).


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

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 210.97 (%).Trend:Decrease 35.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 255.15 (%).Trend:Increase 20.94% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 149.12 (%).Trend:Decrease 41.56% than previous quarter

Overall: decreasing (-29.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 47.36 (%).Trend:Decrease 0.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 48.96 (%).Trend:Increase 3.38% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 48.11 (%).Trend:Decrease 1.74% than previous quarter

Overall: increasing (1.58%). Fluctuation: **Little** (low variation).

Earning Per Share


The financial data reveals a mixed picture of efficiency trends from Q3 2020 to Q3 2021.  Working capital efficiency shows a slight decrease in both liabilities and current assets on revenue.  Cost efficiency, as indicated by the ratio of retained earnings to revenue, is declining significantly, demonstrating high variability in this metric.  Conversely, investment efficiency, as measured by retained earnings on assets, is increasing slightly, indicating stable performance in this aspect. Further investigation is needed into other factors, such as SG&A expenses and earnings per share, to fully understand the financial health of the company during the reporting period.