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 104.53 (%).Trend:Increase 190.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 54.16 (%).Trend:Decrease 48.19% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 37.3 (%).Trend:Decrease 31.13% than previous quarter

Overall: decreasing (-64.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 194.01 (%).Trend:Increase 170.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 98.58 (%).Trend:Decrease 49.19% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 70.67 (%).Trend:Decrease 28.31% than previous quarter

Overall: decreasing (-63.57%). 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 94.5 (%).Trend:Increase 158.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 44.68 (%).Trend:Decrease 52.72% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 32.58 (%).Trend:Decrease 27.08% than previous quarter

Overall: decreasing (-65.52%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.68 (%).Trend:Increase 1.26% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.03 (%).Trend:Increase 3.62% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.08 (%).Trend:Decrease 9.47% than previous quarter

Overall: decreasing (-6.2%). 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 18.93 (%).Trend:Decrease 0.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 18.47 (%).Trend:Decrease 2.43% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 20.64 (%).Trend:Increase 11.75% than previous quarter

Overall: increasing (9.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.58 (USD).Trend:Decrease 52.46% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.97 (USD).Trend:Increase 67.24% than previous quarter
Year 2021 Quarter 3: Earning Per Share 2.26 (USD).Trend:Increase 132.99% than previous quarter

Overall: increasing (289.66%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 2021 to Q3 2021 show substantial fluctuations in working capital efficiency.  Liabilities and current assets on revenue decreased significantly.  Cost efficiency also experienced significant decline in the ratio of retained earnings to revenue. SG&A expense ratio decreased slightly, while investment efficiency showed modest gains.  Earnings per share increased markedly.