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 114.05 (%).Trend:Increase 305.87% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 55.69 (%).Trend:Decrease 51.17% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 37.86 (%).Trend:Decrease 32.02% than previous quarter

Overall: decreasing (-66.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 154.32 (%).Trend:Increase 493.08% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 58.91 (%).Trend:Decrease 61.83% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 32.59 (%).Trend:Decrease 44.68% than previous quarter

Overall: decreasing (-78.88%). 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 249.09 (%).Trend:Increase 283.04% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 115.9 (%).Trend:Decrease 53.47% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 75.59 (%).Trend:Decrease 34.78% than previous quarter

Overall: decreasing (-69.65%). Fluctuation: **Significant** (high variation).

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

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 32.41 (%).Trend:Decrease 12.07% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 33.68 (%).Trend:Increase 3.92% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 33.87 (%).Trend:Increase 0.56% than previous quarter

Overall: increasing (4.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 0.09 (USD).Trend:Decrease 95.14% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.47 (USD).Trend:Increase 422.22% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.67 (USD).Trend:Increase 42.55% than previous quarter

Overall: increasing (644.44%). Fluctuation: **Significant** (high variation).



Financial statements reveal significant fluctuations in working capital efficiency.  Liabilities on revenue decreased sharply, then rose, indicating instability. Current assets on revenue also show considerable volatility and a downward trend overall. Cost efficiency, measured by the ratio of retained earnings to revenue, follows a similar pattern of significant decline.  Investment efficiency is relatively stable, with a slight upward trend. Earnings per share display a substantial upward trend but significant variation from quarter to quarter.