Working Capital Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Current assets on Revenue

Cost Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 264.06 (%).Trend:Decrease 32.36% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 743.14 (%).Trend:Increase 181.43% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 372.22 (%).Trend:Decrease 49.91% than previous quarter

Overall: increasing (40.96%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.15 (%).Trend:Decrease 3.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.09 (%).Trend:Decrease 12.76% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.61 (%).Trend:Increase 3.69% than previous quarter

Overall: decreasing (-9.54%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 3: Retained Earning on Assets 50.72 (%).Trend:Decrease 0.45% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 54.1 (%).Trend:Increase 6.66% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 53.15 (%).Trend:Decrease 1.76% than previous quarter

Overall: increasing (4.79%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 3.52 (USD).Trend:Increase 252.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 6.15 (USD).Trend:Increase 74.72% than previous quarter

Overall: increasing (515.0%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2020 to Q2 2021 reveals trends in working capital efficiency, cost efficiency, investment efficiency, retained earnings, SG&A expense ratios, and earnings per share.  Working capital and investment efficiency data for three quarters are presented.  The ratio of retained earnings to revenue shows significant fluctuation, increasing overall but experiencing large swings between quarters. SG&A expense ratios show a slight overall decrease with little fluctuation.  Investment efficiency, measured by retained earnings on assets, demonstrates a modest increase overall with limited quarter-to-quarter variation. Earnings per share show a substantial overall increase with considerable variation across the three quarters.