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 51.62 (%).Trend:Increase 179.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.39 (%).Trend:Decrease 48.88% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 18.81 (%).Trend:Decrease 28.72% than previous quarter

Overall: decreasing (-63.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 75.43 (%).Trend:Increase 196.62% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 34.0 (%).Trend:Decrease 54.93% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 25.19 (%).Trend:Decrease 25.91% than previous quarter

Overall: decreasing (-66.6%). 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 193.58 (%).Trend:Increase 210.03% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 100.12 (%).Trend:Decrease 48.28% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 68.13 (%).Trend:Decrease 31.95% than previous quarter

Overall: decreasing (-64.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.32 (%).Trend:Decrease 4.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.0 (%).Trend:Decrease 1.32% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.92 (%).Trend:Decrease 0.33% than previous quarter

Overall: decreasing (-1.64%). 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 47.48 (%).Trend:Decrease 0.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 50.1 (%).Trend:Increase 5.52% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 51.12 (%).Trend:Increase 2.04% than previous quarter

Overall: increasing (7.67%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 1: Earning Per Share 3.73 (USD).Trend:Decrease 59.06% than previous quarter
Year 2021 Quarter 2: Earning Per Share 7.95 (USD).Trend:Increase 113.14% than previous quarter
Year 2021 Quarter 3: Earning Per Share 12.81 (USD).Trend:Increase 61.13% than previous quarter

Overall: increasing (243.43%). Fluctuation: **Significant** (high variation).



Financial statements show substantial fluctuations in working capital, cost, and investment efficiency. Liabilities and current assets on revenue decreased considerably, while the retained earnings-to-revenue ratio declined significantly. The SG&A expense ratio trends slightly downward.  Investment efficiency indicates a small increase in retained earnings on assets. Earnings per share saw a significant increase throughout the period.