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 112.11 (%).Trend:Increase 171.39% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 54.87 (%).Trend:Decrease 51.06% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 37.64 (%).Trend:Decrease 31.4% than previous quarter

Overall: decreasing (-66.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 150.46 (%).Trend:Increase 175.82% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 74.23 (%).Trend:Decrease 50.66% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 49.58 (%).Trend:Decrease 33.21% than previous quarter

Overall: decreasing (-67.05%). 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 96.32 (%).Trend:Increase 145.97% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 47.25 (%).Trend:Decrease 50.94% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 31.39 (%).Trend:Decrease 33.57% than previous quarter

Overall: decreasing (-67.41%). Fluctuation: **Significant** (high 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 26.77 (%).Trend:Increase 0.79% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.84 (%).Trend:Increase 0.26% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 26.91 (%).Trend:Increase 0.26% than previous quarter

Overall: increasing (0.52%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 123.53% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.01 (USD).Trend:Increase 152.5% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.32 (USD).Trend:Increase 30.69% than previous quarter

Overall: increasing (230.0%). Fluctuation: **Significant** (high variation).



Financial statements for Q1 2021 to Q3 2021 highlight significant instability in working capital efficiency.  Liabilities and current assets on revenue decreased sharply.  Cost efficiency (ratio of retained earnings to revenue) also shows a substantial decrease.  In contrast, investment efficiency is stable.  Earnings per share experienced a significant drop in Q1, followed by a subsequent recovery in Q2 and Q3, demonstrating considerable volatility.