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 20.83 (%).Trend:Decrease 13.6% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.27 (%).Trend:Increase 184.54% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.15 (%).Trend:Decrease 45.76% than previous quarter

Overall: increasing (54.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 57.6 (%).Trend:Decrease 29.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 238.69 (%).Trend:Increase 314.39% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 123.0 (%).Trend:Decrease 48.47% than previous quarter

Overall: increasing (113.54%). 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 59.75 (%).Trend:Decrease 28.57% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 173.17 (%).Trend:Increase 189.82% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 87.48 (%).Trend:Decrease 49.48% than previous quarter

Overall: increasing (46.41%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Decrease 2.59% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 6.52 (%).Trend:Decrease 8.68% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.19 (%).Trend:Decrease 5.06% than previous quarter

Overall: decreasing (-13.31%). 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 47.13 (%).Trend:Increase 4.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 40.89 (%).Trend:Decrease 13.24% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 40.84 (%).Trend:Decrease 0.12% than previous quarter

Overall: decreasing (-13.35%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2020 to Q2 2021 reveal significant working capital fluctuations. Liabilities on revenue rose drastically in Q1 2021, then dipped in Q2 2021, with an overall increase (54.34%). Current assets demonstrate a similar volatile pattern, increasing significantly in Q1 2021, then decreasing in subsequent quarters, resulting in an overall increase (113.54%). Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibits significant variability, rising overall (46.41%). The selling, general, and administrative (SG&A) expense ratio shows a slight overall decrease (-13.31%). Investment efficiency, as measured by retained earnings on assets, decreases slightly overall (-13.35%) with limited fluctuation.