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 24.3 (%).Trend:Decrease 33.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 69.24 (%).Trend:Increase 184.94% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 34.45 (%).Trend:Decrease 50.25% than previous quarter

Overall: increasing (41.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 46.41 (%).Trend:Decrease 27.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 129.34 (%).Trend:Increase 178.69% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.4 (%).Trend:Decrease 53.3% than previous quarter

Overall: increasing (30.14%). 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 40.36 (%).Trend:Decrease 28.74% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 126.08 (%).Trend:Increase 212.39% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 65.11 (%).Trend:Decrease 48.36% than previous quarter

Overall: increasing (61.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.84 (%).Trend:Decrease 3.39% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.71 (%).Trend:Decrease 7.61% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.75 (%).Trend:Increase 0.29% than previous quarter

Overall: decreasing (-7.35%). 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 29.33 (%).Trend:Increase 6.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.38 (%).Trend:Increase 10.4% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 34.24 (%).Trend:Increase 5.74% than previous quarter

Overall: increasing (16.74%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 5.35 (USD).Trend:Increase 66.15% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.82 (USD).Trend:Decrease 65.98% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.57 (USD).Trend:Increase 151.1% than previous quarter

Overall: decreasing (-14.58%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 present a picture of considerable fluctuation. Liabilities on revenue rose significantly in Q1 2021, followed by a decrease in Q2 2021.  A similar pattern is seen in current assets on revenue, rising sharply in Q1 2021, then falling.  The ratio of retained earnings to revenue displayed a substantial increase in Q1 2021, followed by a decrease in subsequent quarters. SG&A expenses trended slightly downward.  Retained earnings on assets showed a steady increase. Earnings per share showed substantial increases and decreases.