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 23.94 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 77.76 (%).Trend:Increase 224.81% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.76 (%).Trend:Decrease 56.58% than previous quarter

Overall: increasing (41.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 37.57 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 112.49 (%).Trend:Increase 199.41% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 46.7 (%).Trend:Decrease 58.49% than previous quarter

Overall: increasing (24.3%). 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 0.14 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1.94 (%).Trend:Increase 1285.71% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.53 (%).Trend:Increase 81.96% than previous quarter

Overall: increasing (2421.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.99 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.64 (%).Trend:Increase 8.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.25 (%).Trend:Decrease 1.8% than previous quarter

Overall: increasing (6.3%). 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 0.18 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.84 (%).Trend:Increase 366.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.46 (%).Trend:Increase 311.9% than previous quarter

Overall: increasing (1822.22%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.81 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.43 (USD).Trend:Decrease 49.11% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.83 (USD).Trend:Increase 167.83% than previous quarter

Overall: increasing (36.3%). Fluctuation: **Significant** (high variation).



The analysis covers Q3 2020 to Q2 2021. Liabilities and current assets on revenue increased overall, but with significant fluctuations. The ratio of retained earnings to revenue showed a substantial overall increase with considerable variation.  SG&A expense ratio increased slightly with low variation. Retained earnings on assets increased dramatically, and earnings per share also increased.