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 58.63 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 196.54 (%).Trend:Increase 235.22% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 99.64 (%).Trend:Decrease 49.3% than previous quarter

Overall: increasing (69.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 72.77 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 222.43 (%).Trend:Increase 205.66% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 119.68 (%).Trend:Decrease 46.19% than previous quarter

Overall: increasing (64.46%). 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 84.3 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 446.05 (%).Trend:Increase 429.12% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 223.22 (%).Trend:Decrease 49.96% than previous quarter

Overall: increasing (164.79%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.54 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 34.0 (%).Trend:Increase 7.8% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.3 (%).Trend:Increase 0.88% than previous quarter

Overall: increasing (8.75%). 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 25.42 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 39.33 (%).Trend:Increase 54.72% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 39.71 (%).Trend:Increase 0.97% than previous quarter

Overall: increasing (56.22%). Fluctuation: **Neutral** (moderate 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 0.27 (USD).Trend:Decrease 73.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.76 (USD).Trend:Increase 181.48% than previous quarter

Overall: decreasing (-24.0%). Fluctuation: **Significant** (high variation).



Financial analysis of three quarters (Q3 2020 to Q2 2021) reveals significant fluctuations in working capital efficiency metrics. Liabilities and current assets on revenue show large increases in Q1 2021, followed by decreases in Q2 2021.  The ratio of retained earnings to revenue also experienced sharp increases and decreases.  The selling, general, and administrative (SG&A) expense ratio shows a steady, slight increase.  Retained earnings on assets exhibit a moderate increase over the period. Earnings per share show a large decrease in Q1 2021 and then a large increase in Q2 2021.