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 56.4 (%).Trend:Increase 207.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.72 (%).Trend:Decrease 56.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.14 (%).Trend:Decrease 26.62% than previous quarter

Overall: decreasing (-67.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 127.12 (%).Trend:Increase 155.11% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.03 (%).Trend:Decrease 49.63% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.15 (%).Trend:Decrease 23.24% than previous quarter

Overall: decreasing (-61.34%). 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 -55.31 (%).Trend:Increase 50.54% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -19.09 (%).Trend:Decrease 65.49% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue -4.29 (%).Trend:Decrease 77.53% than previous quarter

Overall: increasing (-92.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.61 (%).Trend:Decrease 15.81% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.45 (%).Trend:Decrease 6.13% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.57 (%).Trend:Increase 4.9% than previous quarter

Overall: decreasing (-1.53%). 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 -34.84 (%).Trend:Decrease 39.27% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.29 (%).Trend:Decrease 33.15% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets -6.83 (%).Trend:Decrease 70.67% than previous quarter

Overall: increasing (-80.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 2.46 (USD).Trend:Decrease 43.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 103.25% than previous quarter
Year 2021 Quarter 3: Earning Per Share 7.33 (USD).Trend:Increase 46.6% than previous quarter

Overall: increasing (197.97%). Fluctuation: **Significant** (high variation).



Between Q1 2020 and Q3 2021, key financial metrics exhibited substantial fluctuations.  Working capital efficiency (liabilities and current assets on revenue) decreased significantly. Cost efficiency improved substantially (ratio of retained earnings to revenue), while SG&A expenses showed minor changes. Investment efficiency increased dramatically, and earnings per share rose considerably, indicating significant positive trends but also high volatility.