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 68.02 (%).Trend:Increase 186.16% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36.63 (%).Trend:Decrease 46.15% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 24.93 (%).Trend:Decrease 31.94% than previous quarter

Overall: decreasing (-63.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 152.93 (%).Trend:Increase 167.36% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 79.3 (%).Trend:Decrease 48.15% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 56.11 (%).Trend:Decrease 29.24% than previous quarter

Overall: decreasing (-63.31%). 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 104.46 (%).Trend:Increase 185.49% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 56.8 (%).Trend:Decrease 45.63% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 40.01 (%).Trend:Decrease 29.56% than previous quarter

Overall: decreasing (-61.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.64 (%).Trend:Decrease 15.88% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.72 (%).Trend:Increase 4.38% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.45 (%).Trend:Increase 6.73% than previous quarter

Overall: increasing (11.4%). 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 29.47 (%).Trend:Increase 10.75% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 30.34 (%).Trend:Increase 2.95% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 30.13 (%).Trend:Decrease 0.69% than previous quarter

Overall: increasing (2.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.39 (USD).Trend:Decrease 7.95% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.38 (USD).Trend:Increase 71.22% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.68 (USD).Trend:Increase 12.61% than previous quarter

Overall: increasing (92.81%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show significant declines in working capital efficiency (liabilities and current assets on revenue).  Cost efficiency (ratio of retained earnings to revenue) also experienced a significant decrease, characterized by high variation.  Selling, General & Administrative (SG&A) expense ratio demonstrated a modest increase with little variation.  Investment efficiency and earnings per share increased but exhibited significant volatility.  The significant fluctuations in several key areas necessitate a thorough review.