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 30.69 (%).Trend:Decrease 31.13% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.61 (%).Trend:Increase 201.76% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.52 (%).Trend:Decrease 46.53% than previous quarter

Overall: increasing (61.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 146.96 (%).Trend:Decrease 27.6% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 329.52 (%).Trend:Increase 124.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 175.03 (%).Trend:Decrease 46.88% than previous quarter

Overall: increasing (19.1%). 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 34.89 (%).Trend:Decrease 23.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 115.09 (%).Trend:Increase 229.87% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 61.68 (%).Trend:Decrease 46.41% than previous quarter

Overall: increasing (76.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.41 (%).Trend:Increase 10.43% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.86 (%).Trend:Increase 14.93% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.9 (%).Trend:Increase 5.51% than previous quarter

Overall: increasing (21.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.91 (USD).Trend:Increase 54.24% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 68.13% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 96.55% than previous quarter

Overall: decreasing (-37.36%). Fluctuation: **Significant** (high variation).



The analysis covers Q3 2020 to Q2 2021.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly, exhibiting substantial fluctuations. Retained earnings on assets showed a small, consistent increase.  Earnings per share decreased significantly with high variability.