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 36.55 (%).Trend:Decrease 42.12% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 97.89 (%).Trend:Increase 167.82% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.43 (%).Trend:Decrease 51.55% than previous quarter

Overall: increasing (29.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 84.72 (%).Trend:Decrease 32.93% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 229.15 (%).Trend:Increase 170.48% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 123.16 (%).Trend:Decrease 46.25% than previous quarter

Overall: increasing (45.37%). 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 93.32 (%).Trend:Decrease 30.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 284.93 (%).Trend:Increase 205.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 151.32 (%).Trend:Decrease 46.89% than previous quarter

Overall: increasing (62.15%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.69 (%).Trend:Decrease 5.78% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.54 (%).Trend:Decrease 15.7% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.38 (%).Trend:Decrease 1.39% than previous quarter

Overall: decreasing (-16.87%). 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 34.17 (%).Trend:Increase 7.89% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 38.2 (%).Trend:Increase 11.79% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 40.79 (%).Trend:Increase 6.78% than previous quarter

Overall: increasing (19.37%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 92.31% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.49 (USD).Trend:Decrease 51.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.17 (USD).Trend:Increase 138.78% than previous quarter

Overall: increasing (17.0%). Fluctuation: **Significant** (high variation).



From Q3 2020 to Q2 2021, liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all experienced significant increases, demonstrating strong financial growth.  However, the earnings per share also shows substantial fluctuations. The SG&A expense ratio declined consistently, suggesting improved cost efficiency.  Retained earnings on assets showed consistent, slight growth.