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

Liabilities on Revenue
Year 2020 Quarter 3: Liabilities on Revenue 44.36 (%).Trend:Decrease 27.8% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 143.99 (%).Trend:Increase 224.59% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.83 (%).Trend:Decrease 52.89% than previous quarter

Overall: increasing (52.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 54.09 (%).Trend:Decrease 24.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 175.56 (%).Trend:Increase 224.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 78.63 (%).Trend:Decrease 55.21% than previous quarter

Overall: increasing (45.37%). Fluctuation: **Significant** (high variation).


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 34.97 (%).Trend:Decrease 30.85% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 104.3 (%).Trend:Increase 198.26% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 51.24 (%).Trend:Decrease 50.87% than previous quarter

Overall: increasing (46.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.05 (%).Trend:Increase 5.4% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.38 (%).Trend:Increase 9.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.97 (%).Trend:Decrease 2.67% than previous quarter

Overall: increasing (6.55%). 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 10.83 (%).Trend:Decrease 3.3% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.76 (%).Trend:Decrease 0.65% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.4 (%).Trend:Increase 5.95% than previous quarter

Overall: increasing (5.26%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.41 (USD).Trend:Decrease 22.64% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 70.73% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.43 (USD).Trend:Increase 258.33% than previous quarter

Overall: increasing (4.88%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in Q3 2020 to Q2 2021. Liabilities and current assets on revenue increased dramatically in Q1 2021, then decreased subsequently, causing significant fluctuations. Cost efficiency, as indicated by retained earnings to revenue, follows a similar trend, fluctuating greatly. SG&A expense ratio shows small fluctuations. Investment efficiency, as represented by retained earnings on assets, shows stable, small growth. Earnings per share exhibits significant variation, dropping considerably in Q1 2021 then rising substantially in Q2 and Q3 2021.