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 38.2 (%).Trend:Decrease 32.78% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 122.76 (%).Trend:Increase 221.36% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 63.19 (%).Trend:Decrease 48.53% than previous quarter

Overall: increasing (65.42%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 63.54 (%).Trend:Decrease 43.38% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 232.67 (%).Trend:Increase 266.18% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 125.62 (%).Trend:Decrease 46.01% than previous quarter

Overall: increasing (97.7%). 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 90.1 (%).Trend:Decrease 38.17% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 277.73 (%).Trend:Increase 208.25% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 151.76 (%).Trend:Decrease 45.36% than previous quarter

Overall: increasing (68.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.64 (%).Trend:Increase 1.19% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.75 (%).Trend:Decrease 11.65% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 7.45 (%).Trend:Increase 10.37% than previous quarter

Overall: decreasing (-2.49%). 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 35.91 (%).Trend:Decrease 4.97% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 36.27 (%).Trend:Increase 1.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 38.58 (%).Trend:Increase 6.37% than previous quarter

Overall: increasing (7.44%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.55 (USD).Trend:Increase 40.32% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.83 (USD).Trend:Decrease 76.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.08 (USD).Trend:Increase 150.6% than previous quarter

Overall: decreasing (-41.41%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2020 to Q2 2021 reveal significant fluctuation. Liabilities and current assets on revenue increase substantially, although with volatility.  The retained earnings-to-revenue ratio increases substantially. Selling, general, and administrative (SG&A) expenses are relatively stable, decreasing slightly. Investment efficiency (retained earnings on assets) increases modestly. Earnings per share exhibit a substantial downward trend, although with volatility.