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 26.27 (%).Trend:Decrease 33.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 77.68 (%).Trend:Increase 195.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.37 (%).Trend:Decrease 51.89% than previous quarter

Overall: increasing (42.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 44.35 (%).Trend:Decrease 35.87% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 133.36 (%).Trend:Increase 200.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 65.47 (%).Trend:Decrease 50.91% than previous quarter

Overall: increasing (47.62%). 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 37.44 (%).Trend:Decrease 33.07% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 123.77 (%).Trend:Increase 230.58% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 60.57 (%).Trend:Decrease 51.06% than previous quarter

Overall: increasing (61.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.56 (%).Trend:Decrease 1.61% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 5.14% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.0 (%).Trend:Increase 0.0% than previous quarter

Overall: increasing (5.14%). 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 37.28 (%).Trend:Increase 2.31% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 39.1 (%).Trend:Increase 4.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 39.62 (%).Trend:Increase 1.33% than previous quarter

Overall: increasing (6.28%). 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 0.64 (USD).Trend:Decrease 36.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.48 (USD).Trend:Increase 131.25% than previous quarter

Overall: increasing (48.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased, and again in Q1 2022.  Current assets on revenue also show substantial increases and decreases. Cost efficiency reveals a similar pattern of considerable volatility in the ratio of retained earnings to revenue.  SG&A expense ratios show a slight overall increase with limited fluctuation. Investment efficiency, measured by retained earnings on assets,  shows a modest increase with little variation. Earnings per share show significant fluctuations, with substantial increases and decreases.