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 28.08 (%).Trend:Decrease 48.14% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 79.47 (%).Trend:Increase 183.01% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 34.5 (%).Trend:Decrease 56.59% than previous quarter

Overall: increasing (22.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 29.73 (%).Trend:Decrease 41.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 75.49 (%).Trend:Increase 153.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 32.46 (%).Trend:Decrease 57.0% than previous quarter

Overall: increasing (9.18%). 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 20.4 (%).Trend:Decrease 35.48% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 57.14 (%).Trend:Increase 180.1% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.23 (%).Trend:Decrease 50.6% than previous quarter

Overall: increasing (38.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.88 (%).Trend:Decrease 6.09% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.51 (%).Trend:Decrease 3.11% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.08 (%).Trend:Decrease 3.74% than previous quarter

Overall: decreasing (-6.73%). 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 22.94 (%).Trend:Increase 7.85% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.95 (%).Trend:Increase 8.76% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 27.07 (%).Trend:Increase 8.5% than previous quarter

Overall: increasing (18.0%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.26 (USD).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 6.46 (USD).Trend:Increase 185.84% than previous quarter

Overall: increasing (61.5%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2020 to Q2 2021, liabilities on revenue increased (22.86%), current assets on revenue increased (9.18%), and the ratio of retained earnings to revenue increased (38.38%), all with significant fluctuation.  The SG&A expense ratio decreased (-6.73%) with little fluctuation, and retained earnings on assets increased (18%) with little fluctuation. Earnings per share increased significantly (61.5%) with high fluctuation.