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 22.98 (%).Trend:Decrease 33.87% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.52 (%).Trend:Increase 219.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.38 (%).Trend:Decrease 49.16% than previous quarter

Overall: increasing (62.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 106.75 (%).Trend:Decrease 32.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 326.28 (%).Trend:Increase 205.65% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 159.35 (%).Trend:Decrease 51.16% than previous quarter

Overall: increasing (49.27%). 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 47.93 (%).Trend:Decrease 33.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 136.14 (%).Trend:Increase 184.04% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 64.93 (%).Trend:Decrease 52.31% than previous quarter

Overall: increasing (35.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.62 (%).Trend:Increase 0.71% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.43 (%).Trend:Increase 2.48% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.58 (%).Trend:Decrease 2.54% than previous quarter

Overall: decreasing (-0.12%). 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 37.53 (%).Trend:Decrease 0.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.15 (%).Trend:Decrease 6.34% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 34.57 (%).Trend:Decrease 1.65% than previous quarter

Overall: decreasing (-7.89%). Fluctuation: **Little** (low variation).

Earning Per Share


The period from Q3 2020 to Q2 2021 demonstrates substantial volatility in key financial ratios.  Working capital efficiency, measured by liabilities and current assets relative to revenue, experienced significant increases but with large swings between quarters.  Similarly, the ratio of retained earnings to revenue increased substantially but also fluctuated considerably.  In contrast, SG&A expenses and retained earnings on assets showed minimal changes, indicating relatively stable cost and investment efficiency.