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 21.28 (%).Trend:Decrease 39.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 65.5 (%).Trend:Increase 207.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 31.26 (%).Trend:Decrease 52.27% than previous quarter

Overall: increasing (46.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 42.24 (%).Trend:Decrease 38.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 149.45 (%).Trend:Increase 253.81% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 71.87 (%).Trend:Decrease 51.91% than previous quarter

Overall: increasing (70.15%). 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 15.45 (%).Trend:Increase 6.55% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 59.36 (%).Trend:Increase 284.21% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 31.68 (%).Trend:Decrease 46.63% than previous quarter

Overall: increasing (105.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.16 (%).Trend:Decrease 1.57% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 8.47 (%).Trend:Increase 3.8% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.58 (%).Trend:Increase 1.3% than previous quarter

Overall: increasing (5.15%). 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 12.85 (%).Trend:Increase 64.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 14.67 (%).Trend:Increase 14.16% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 16.06 (%).Trend:Increase 9.48% than previous quarter

Overall: increasing (24.98%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.22 (USD).Trend:Decrease 69.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.49 (USD).Trend:Increase 104.1% than previous quarter

Overall: decreasing (-37.75%). Fluctuation: **Significant** (high variation).



Financial performance analysis from Q3 2020 to Q2 2021 shows significant fluctuations in key metrics. Liabilities and current assets on revenue saw substantial increases in Q1 2021 after a previous downward trend.  The ratio of retained earnings to revenue also saw a substantial increase in Q1 2021.  The SG&A expense ratio displayed consistent, although slight, growth. Retained earnings on assets saw steady, although varying, growth. Earnings per share exhibited a significant rise in Q3 2020, then a notable decrease in Q1 2021, followed by a recovery in Q2 2021.  This data highlights a period of considerable instability in certain key performance indicators, calling for a thorough evaluation.