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 30.47 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 68.65 (%).Trend:Increase 125.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.07 (%).Trend:Decrease 48.91% than previous quarter

Overall: increasing (15.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 66.05 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 158.91 (%).Trend:Increase 140.59% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 85.72 (%).Trend:Decrease 46.06% than previous quarter

Overall: increasing (29.78%). 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 15.96 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 46.82 (%).Trend:Increase 193.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.09 (%).Trend:Decrease 40.0% than previous quarter

Overall: increasing (76.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.67 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.36 (%).Trend:Decrease 17.21% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.07 (%).Trend:Increase 5.63% than previous quarter

Overall: decreasing (-12.54%). 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 10.34 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.81 (%).Trend:Increase 33.56% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 16.39 (%).Trend:Increase 18.68% than previous quarter

Overall: increasing (58.51%). Fluctuation: **Neutral** (moderate 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 1.14 (USD).Trend:Increase 14.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.22 (USD).Trend:Increase 94.74% than previous quarter

Overall: increasing (122.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show mixed results.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all increased significantly during Q1 2021 before fluctuating in Q2 2021.  SG&A expense ratio decreased slightly, then increased in the second quarter.  Investment efficiency and retained earnings on assets show steady, albeit moderate increases. Earnings per share showed significant growth over the period.