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 101.9 (%).Trend:Increase 121.14% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.18 (%).Trend:Decrease 48.79% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 34.88 (%).Trend:Decrease 33.15% than previous quarter

Overall: decreasing (-65.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 156.45 (%).Trend:Increase 190.42% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 81.35 (%).Trend:Decrease 48.0% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 57.08 (%).Trend:Decrease 29.83% than previous quarter

Overall: decreasing (-63.52%). 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 8.74 (%).Trend:Increase 1842.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 6.28 (%).Trend:Decrease 28.15% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 5.69 (%).Trend:Decrease 9.39% than previous quarter

Overall: decreasing (-34.9%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.77 (%).Trend:Decrease 18.12% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 6.32% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.57 (%).Trend:Decrease 0.89% than previous quarter

Overall: decreasing (-7.16%). 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 2.22 (%).Trend:Increase 640.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.19 (%).Trend:Increase 43.69% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 4.29 (%).Trend:Increase 34.48% than previous quarter

Overall: increasing (93.24%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.34 (USD).Trend:Decrease 288.89% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 117.65% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.22 (USD).Trend:Increase 64.86% than previous quarter

Overall: increasing (258.82%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 reveal substantial volatility. Working capital efficiency, measured by liabilities and current assets on revenue, decreased significantly in Q2 and Q3 2021 after increases in Q1. Cost efficiency shows a large increase in the ratio of retained earnings to revenue in Q1, followed by decreases in Q2 and Q3.  SG&A expense ratio continued a downward trend.  Investment efficiency and earnings per share show increases in Q2 and Q3 2021, after significant fluctuations in Q1. The overall picture suggests significant fluctuations in financial performance across different metrics.