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 24.39 (%).Trend:Decrease 34.56% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 57.15 (%).Trend:Increase 134.32% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.72 (%).Trend:Decrease 48.0% than previous quarter

Overall: increasing (21.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 66.29 (%).Trend:Decrease 31.64% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 181.22 (%).Trend:Increase 173.37% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.3 (%).Trend:Decrease 47.41% than previous quarter

Overall: increasing (43.76%). 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 42.36 (%).Trend:Decrease 32.22% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 127.04 (%).Trend:Increase 199.91% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 67.43 (%).Trend:Decrease 46.92% than previous quarter

Overall: increasing (59.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 49.57 (%).Trend:Increase 0.94% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 55.87 (%).Trend:Increase 12.71% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 54.82 (%).Trend:Decrease 1.88% than previous quarter

Overall: increasing (10.59%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 shows significant fluctuations.  Liabilities on revenue decreased, then increased substantially in Q1 2021, and then decreased again in Q2. Current assets showed a similar pattern.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, also displayed considerable fluctuations and an overall increase. Investment efficiency, using retained earnings on assets, exhibits a small, consistent increase.