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 34.08 (%).Trend:Decrease 54.53% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 108.98 (%).Trend:Increase 219.78% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 57.21 (%).Trend:Decrease 47.5% than previous quarter

Overall: increasing (67.87%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 84.15 (%).Trend:Decrease 31.14% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 225.0 (%).Trend:Increase 167.38% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 114.35 (%).Trend:Decrease 49.18% than previous quarter

Overall: increasing (35.89%). 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 3.37 (%).Trend:Increase 481.03% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 0.26 (%).Trend:Decrease 92.28% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -0.39 (%).Trend:Decrease 250.0% than previous quarter

Overall: decreasing (-111.57%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.76 (%).Trend:Decrease 2.04% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.29 (%).Trend:Decrease 8.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.91 (%).Trend:Increase 2.36% than previous quarter

Overall: decreasing (-6.43%). 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 1.36 (%).Trend:Increase 750.0% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 0.04 (%).Trend:Decrease 97.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -0.12 (%).Trend:Decrease 400.0% than previous quarter

Overall: decreasing (-108.82%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 1: Earning Per Share 0.94 (USD).Trend:Decrease 6.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.65 (USD).Trend:Increase 75.53% than previous quarter

Overall: increasing (65.0%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals significant fluctuations in key financial metrics. Liabilities on revenue and current assets on revenue both increased overall, but showed substantial quarter-to-quarter variations. Conversely, the ratio of retained earnings to revenue and retained earnings on assets decreased significantly, indicating potential concerns.  The SG&A expense ratio displayed a small overall decrease, suggesting relative stability in this area.  Earnings per share demonstrated a substantial overall increase.