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 30.15 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 97.36 (%).Trend:Increase 222.92% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.63 (%).Trend:Decrease 54.16% than previous quarter

Overall: increasing (48.03%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 43.06 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 134.94 (%).Trend:Increase 213.38% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.38 (%).Trend:Decrease 52.29% than previous quarter

Overall: increasing (49.51%). 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 22.97 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 76.66 (%).Trend:Increase 233.74% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 38.85 (%).Trend:Decrease 49.32% than previous quarter

Overall: increasing (69.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.89 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.53 (%).Trend:Increase 10.87% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.54 (%).Trend:Increase 0.15% than previous quarter

Overall: increasing (11.04%). 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 29.8 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.94 (%).Trend:Decrease 16.31% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.48 (%).Trend:Increase 6.17% than previous quarter

Overall: decreasing (-11.14%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.51 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.12 (USD).Trend:Decrease 92.05% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 583.33% than previous quarter

Overall: decreasing (-45.7%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant volatility. Liabilities on revenue rose sharply in Q1 2021, then declined significantly in Q2 2021, before a further decrease in Q3 2021. Current assets on revenue followed a similar pattern, increasing substantially in Q1 2021, then decreasing in Q2 and Q3 2021. Cost efficiency is characterized by substantial variation in the ratio of retained earnings to revenue.  SG&A expense ratio shows a modest upward trend.  Investment efficiency exhibits stable performance, with a slight overall increase in retained earnings on assets.  Earning per share shows high volatility, decreasing sharply in Q1 2021, then increasing significantly in Q2 2021, and then again in Q3 2021.