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 32.26 (%).Trend:Decrease 32.21% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 87.97 (%).Trend:Increase 172.69% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.41 (%).Trend:Decrease 44.97% than previous quarter

Overall: increasing (50.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 85.86 (%).Trend:Decrease 32.3% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 230.06 (%).Trend:Increase 167.95% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 97.98 (%).Trend:Decrease 57.41% than previous quarter

Overall: increasing (14.12%). 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 75.78 (%).Trend:Decrease 34.91% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 195.89 (%).Trend:Increase 158.5% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 99.02 (%).Trend:Decrease 49.45% than previous quarter

Overall: increasing (30.67%). 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 43.93 (%).Trend:Increase 2.12% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 46.22 (%).Trend:Increase 5.21% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 46.14 (%).Trend:Decrease 0.17% than previous quarter

Overall: increasing (5.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.59 (USD).Trend:Increase 107.51% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.39 (USD).Trend:Decrease 33.43% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.44 (USD).Trend:Increase 85.77% than previous quarter

Overall: increasing (23.68%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal significant volatility in working capital efficiency. Liabilities on revenue decreased then increased significantly, then decreased again. Current assets on revenue similarly trended with large increases and decreases. Cost efficiency, as measured by the retained earnings-to-revenue ratio, also showed substantial variations. Investment efficiency, based on retained earnings on assets, displays only small, steady increases. Earnings per share also display significant variations, indicating substantial fluctuations.