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 22.88 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.59 (%).Trend:Increase 177.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.72 (%).Trend:Decrease 46.97% than previous quarter

Overall: increasing (47.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 38.77 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 95.87 (%).Trend:Increase 147.28% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 51.39 (%).Trend:Decrease 46.4% than previous quarter

Overall: increasing (32.55%). 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 53.02 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 121.28 (%).Trend:Increase 128.74% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 60.29 (%).Trend:Decrease 50.29% than previous quarter

Overall: increasing (13.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.6 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.12 (%).Trend:Decrease 4.53% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.74 (%).Trend:Decrease 3.75% than previous quarter

Overall: decreasing (-8.11%). 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 49.27 (%).Trend:Decrease 1.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 49.13 (%).Trend:Decrease 0.28% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 49.04 (%).Trend:Decrease 0.18% than previous quarter

Overall: decreasing (-0.47%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.41 (USD).Trend:Decrease 59.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.89 (USD).Trend:Increase 117.07% than previous quarter

Overall: decreasing (-11.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency demonstrates significant fluctuations in liabilities and current assets as a percentage of revenue. Liabilities increased sharply in Q1 2021, then fell considerably in subsequent quarters, while current assets followed a similar, though less extreme, pattern.  Cost efficiency shows a consistent downward trend in SG&A expense ratio, exhibiting minimal fluctuation. Investment efficiency shows a modest decline in retained earnings on assets, with low variability. Earnings per share exhibit substantial volatility, declining in Q1 2021, increasing in Q2, and then decreasing again in Q3 2021.