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 62.44 (%).Trend:Increase 209.42% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.28 (%).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 22.98 (%).Trend:Decrease 34.86% than previous quarter

Overall: decreasing (-63.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 173.68 (%).Trend:Increase 233.23% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 75.98 (%).Trend:Decrease 56.25% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 50.0 (%).Trend:Decrease 34.19% than previous quarter

Overall: decreasing (-71.21%). 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 72.04 (%).Trend:Increase 211.73% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 36.61 (%).Trend:Decrease 49.18% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 24.57 (%).Trend:Decrease 32.89% than previous quarter

Overall: decreasing (-65.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.63 (%).Trend:Increase 8.43% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.57 (%).Trend:Decrease 3.98% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.78 (%).Trend:Increase 0.82% than previous quarter

Overall: decreasing (-3.19%). 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 20.35 (%).Trend:Decrease 16.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 21.58 (%).Trend:Increase 6.04% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 22.08 (%).Trend:Increase 2.32% than previous quarter

Overall: increasing (8.5%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 101.32% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.44 (USD).Trend:Increase 2100.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.82 (USD).Trend:Increase 86.36% than previous quarter

Overall: increasing (4000.0%). Fluctuation: **Significant** (high variation).



The financial statements for Q1 2021 to Q3 2021 demonstrate mixed performance.  Working capital efficiency (liabilities and current assets on revenue) declined significantly, accompanied by a similarly steep drop in cost efficiency (ratio of retained earnings to revenue).  While the Selling, General, and Administrative (SG&A) expense ratio trended downward, investment efficiency displayed a slight upward trajectory.  Earnings per share experienced a dramatic increase, but with considerable volatility.  This suggests fluctuating profitability and potential operational inefficiencies.