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 31.14 (%).Trend:Decrease 35.66% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 110.9 (%).Trend:Increase 256.13% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.76 (%).Trend:Decrease 41.61% than previous quarter

Overall: increasing (107.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 84.41 (%).Trend:Decrease 33.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 335.31 (%).Trend:Increase 297.24% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 146.09 (%).Trend:Decrease 56.43% than previous quarter

Overall: increasing (73.07%). 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 48.99 (%).Trend:Decrease 36.38% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 158.18 (%).Trend:Increase 222.88% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 60.6 (%).Trend:Decrease 61.69% than previous quarter

Overall: increasing (23.7%). 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 28.98 (%).Trend:Increase 0.87% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.64 (%).Trend:Decrease 14.98% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 22.93 (%).Trend:Decrease 6.94% than previous quarter

Overall: decreasing (-20.88%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analysis of Q3 2020 to Q2 2021 reveals significant volatility in several key financial ratios.  Liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue all experienced overall increases, despite substantial quarter-to-quarter swings.  In contrast, retained earnings on assets showed a modest overall decline. Data covers three quarters.