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 33.09 (%).Trend:Decrease 38.26% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 87.62 (%).Trend:Increase 164.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 38.25 (%).Trend:Decrease 56.35% than previous quarter

Overall: increasing (15.59%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 41.51 (%).Trend:Decrease 35.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 119.02 (%).Trend:Increase 186.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 53.8 (%).Trend:Decrease 54.8% than previous quarter

Overall: increasing (29.61%). 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 24.26 (%).Trend:Decrease 51.94% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 73.89 (%).Trend:Increase 204.58% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 37.68 (%).Trend:Decrease 49.01% than previous quarter

Overall: increasing (55.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.09 (%).Trend:Decrease 4.01% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.91 (%).Trend:Decrease 1.19% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.81 (%).Trend:Decrease 0.67% than previous quarter

Overall: decreasing (-1.86%). 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 26.53 (%).Trend:Decrease 25.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.82 (%).Trend:Increase 8.63% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 31.42 (%).Trend:Increase 9.02% than previous quarter

Overall: increasing (18.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 18.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.85 (USD).Trend:Increase 125.61% than previous quarter

Overall: increasing (85.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows high volatility. Liabilities on revenue increased sharply in Q1 2021, then decreased before increasing in the subsequent quarter. Similarly, current assets on revenue show substantial volatility over the period.  The ratio of retained earnings to revenue fluctuates greatly. The selling, general and administrative expense ratio decreased slightly overall, while investment efficiency shows a slight overall increase in retained earnings on assets and a large increase in earnings per share in the second quarter of 2021.