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 57.89 (%).Trend:Increase 192.37% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 31.17 (%).Trend:Decrease 46.16% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 27.34 (%).Trend:Decrease 12.29% than previous quarter

Overall: decreasing (-52.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 104.36 (%).Trend:Increase 170.36% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.94 (%).Trend:Decrease 53.1% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 41.53 (%).Trend:Decrease 15.14% than previous quarter

Overall: decreasing (-60.21%). 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 86.05 (%).Trend:Increase 201.4% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 46.02 (%).Trend:Decrease 46.52% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 30.29 (%).Trend:Decrease 34.18% than previous quarter

Overall: decreasing (-64.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.84 (%).Trend:Increase 5.9% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.78 (%).Trend:Decrease 0.51% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.58 (%).Trend:Decrease 1.7% than previous quarter

Overall: decreasing (-2.2%). 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 39.38 (%).Trend:Increase 12.13% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 35.91 (%).Trend:Decrease 8.81% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 21.82 (%).Trend:Decrease 39.24% than previous quarter

Overall: decreasing (-44.59%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 1.03 (USD).Trend:Decrease 48.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.33 (USD).Trend:Increase 126.21% than previous quarter
Year 2021 Quarter 3: Earning Per Share 3.86 (USD).Trend:Increase 65.67% than previous quarter

Overall: increasing (274.76%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased dramatically in Q1, then decreased in Q2 and Q3, resulting in a net decrease of 52.77% for the period. Similarly, current assets on revenue saw a large increase in Q1, then decreased sharply in Q2 and Q3, resulting in a net decrease of 60.21%.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows significant volatility, declining 64.8% overall.  SG&A expense ratios decreased steadily. Investment efficiency (retained earnings on assets) decreased significantly, while earnings per share increased substantially overall from Q1 to Q3.