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 66710000000.0 (%).Trend:Increase 29.13% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71950000000.0 (%).Trend:Increase 7.85% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 71600000000.0 (%).Trend:Decrease 0.49% than previous quarter

Overall: increasing (7.33%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 133510000000.0 (%).Trend:Decrease 15.66% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 139830000000.0 (%).Trend:Increase 4.73% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 145530000000.0 (%).Trend:Increase 4.08% than previous quarter

Overall: increasing (9.0%). Fluctuation: **Little** (low 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 54470000000.0 (%).Trend:Decrease 31.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 63870000000.0 (%).Trend:Increase 17.26% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 73620000000.0 (%).Trend:Increase 15.27% than previous quarter

Overall: increasing (35.16%). Fluctuation: **Neutral** (moderate variation).

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

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 15.07 (%).Trend:Decrease 26.84% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 16.95 (%).Trend:Increase 12.48% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 19.02 (%).Trend:Increase 12.21% than previous quarter

Overall: increasing (26.21%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.31 (USD).Trend:Decrease 59.21% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.91 (USD).Trend:Increase 193.55% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.53 (USD).Trend:Increase 68.13% than previous quarter

Overall: increasing (393.55%). Fluctuation: **Significant** (high variation).



Analysis of Q1 2021 to Q3 2021 financial statements reveals a positive trend in working capital efficiency, with liabilities on revenue increasing moderately (7.33%) and current assets on revenue also increasing (9%).  Cost efficiency shows a substantial increase in the retained earnings-to-revenue ratio (35.16%), a sign of improved profit margins. Investment efficiency demonstrates a similar uptrend (26.21%). However, earnings per share demonstrate a significant jump, with Q1 and Q2 displaying a drastic increase of 193.55%, followed by an increase of 68.13% in Q3. This variability highlights the need for deeper investigation into the factors driving these movements.