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 95.89 (%).Trend:Increase 160.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.24 (%).Trend:Decrease 48.65% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 32.57 (%).Trend:Decrease 33.85% than previous quarter

Overall: decreasing (-66.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 157.89 (%).Trend:Increase 118.96% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 81.69 (%).Trend:Decrease 48.26% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 54.0 (%).Trend:Decrease 33.9% than previous quarter

Overall: decreasing (-65.8%). 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 25.76 (%).Trend:Increase 140.75% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 13.81 (%).Trend:Decrease 46.39% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 9.71 (%).Trend:Decrease 29.69% than previous quarter

Overall: decreasing (-62.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.26 (%).Trend:Decrease 12.04% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.48 (%).Trend:Increase 4.18% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.22 (%).Trend:Decrease 4.74% than previous quarter

Overall: decreasing (-0.76%). 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 7.67 (%).Trend:Increase 7.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.03 (%).Trend:Increase 4.69% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 8.55 (%).Trend:Increase 6.48% than previous quarter

Overall: increasing (11.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share 0.49 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.85 (USD).Trend:Increase 73.47% than previous quarter
Year 2021 Quarter 3: Earning Per Share 1.19 (USD).Trend:Increase 40.0% than previous quarter

Overall: increasing (142.86%). Fluctuation: **Significant** (high variation).



Financial statements from Q1 to Q3 of 2021 show a complex financial picture.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all decreased significantly (by -66.03%, -65.8%, and -62.31% respectively), indicating potential issues with working capital management and cost efficiency.  The SG&A expense ratio shows a slight overall decrease. In contrast, retained earnings on assets and earnings per share exhibited positive growth patterns, with a substantial increase in earnings per share.  The highly variable performance requires further analysis to assess stability and identify causes of fluctuation.