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 206.84 (%).Trend:Increase 157.36% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 106.11 (%).Trend:Decrease 48.7% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 79.53 (%).Trend:Decrease 25.05% than previous quarter

Overall: decreasing (-61.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 245.17 (%).Trend:Increase 171.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 118.71 (%).Trend:Decrease 51.58% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 91.51 (%).Trend:Decrease 22.91% than previous quarter

Overall: decreasing (-62.67%). 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 125.67 (%).Trend:Increase 178.71% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 64.56 (%).Trend:Decrease 48.63% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 44.95 (%).Trend:Decrease 30.37% than previous quarter

Overall: decreasing (-64.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.67 (%).Trend:Increase 2.67% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 39.45 (%).Trend:Decrease 0.55% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 39.28 (%).Trend:Decrease 0.43% than previous quarter

Overall: decreasing (-0.98%). 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 5.65 (%).Trend:Increase 1.62% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 5.9 (%).Trend:Increase 4.42% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 6.22 (%).Trend:Increase 5.42% than previous quarter

Overall: increasing (10.09%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.66 (USD).Trend:Decrease 34.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.56 (USD).Trend:Increase 136.36% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.57 (USD).Trend:Increase 64.74% than previous quarter

Overall: increasing (289.39%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 to Q3 2021 show a mixed picture of financial performance. Working capital efficiency (liabilities and current assets) and cost efficiency (retained earnings to revenue) display substantial, negative overall trends, with high variation.  Selling, general, and administrative (SG&A) expenses show a very small negative overall trend and minimal fluctuation.  Investment efficiency (retained earnings on assets) reveals a consistent upward trend with minimal fluctuation. Earnings per share shows marked increases, although significant quarter-to-quarter fluctuations exist.