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 55.92 (%).Trend:Decrease 34.4% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 188.56 (%).Trend:Increase 237.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 84.12 (%).Trend:Decrease 55.39% than previous quarter

Overall: increasing (50.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 162.41 (%).Trend:Decrease 31.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 476.6 (%).Trend:Increase 193.45% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 216.84 (%).Trend:Decrease 54.5% than previous quarter

Overall: increasing (33.51%). 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 30.49 (%).Trend:Decrease 30.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 105.49 (%).Trend:Increase 245.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 56.06 (%).Trend:Decrease 46.86% than previous quarter

Overall: increasing (83.86%). 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 11.21 (%).Trend:Increase 3.13% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.02 (%).Trend:Increase 16.15% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 14.79 (%).Trend:Increase 13.59% than previous quarter

Overall: increasing (31.94%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.34 (USD).Trend:Increase 48.12% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.84 (USD).Trend:Decrease 57.6% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.88 (USD).Trend:Increase 110.87% than previous quarter

Overall: decreasing (-10.6%). Fluctuation: **Significant** (high variation).



Financial statements reveal substantial fluctuations in working capital efficiency, cost efficiency, and investment efficiency.  Liabilities on revenue and current assets on revenue exhibit significant volatility, with substantial increases and decreases across quarters.  Cost efficiency, as measured by retained earnings to revenue, also displays high variation.  Investment efficiency, as measured by retained earnings on assets, shows more moderate fluctuation. Earning per share demonstrates a mixed picture, with both increases and decreases, and significant quarterly variation.