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 42.9 (%).Trend:Decrease 41.07% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 119.19 (%).Trend:Increase 177.83% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 61.0 (%).Trend:Decrease 48.82% than previous quarter

Overall: increasing (42.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 72.74 (%).Trend:Decrease 36.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 208.66 (%).Trend:Increase 186.86% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 109.42 (%).Trend:Decrease 47.56% than previous quarter

Overall: increasing (50.43%). 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 109.87 (%).Trend:Decrease 35.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 274.19 (%).Trend:Increase 149.56% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 140.5 (%).Trend:Decrease 48.76% than previous quarter

Overall: increasing (27.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.81 (%).Trend:Decrease 6.96% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.62 (%).Trend:Decrease 10.7% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.64 (%).Trend:Increase 0.08% than previous quarter

Overall: decreasing (-10.63%). 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 38.04 (%).Trend:Increase 1.93% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 39.39 (%).Trend:Increase 3.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 39.65 (%).Trend:Increase 0.66% than previous quarter

Overall: increasing (4.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.67 (USD).Trend:Increase 67.0% than previous quarter

Overall: increasing (67.0%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals increases in liabilities on revenue, current assets on revenue, and the ratio of retained earnings to revenue, all with substantial fluctuations.  Conversely, SG&A expenses decreased slightly with minimal variation, as did retained earnings on assets.  Earnings per share showed a significant increase.