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 32.12 (%).Trend:Decrease 20.12% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 77.36 (%).Trend:Increase 140.85% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.26 (%).Trend:Decrease 45.37% than previous quarter

Overall: increasing (31.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 67.47 (%).Trend:Decrease 25.87% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 194.1 (%).Trend:Increase 187.68% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 96.97 (%).Trend:Decrease 50.04% than previous quarter

Overall: increasing (43.72%). 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 27.74 (%).Trend:Decrease 29.98% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 94.83 (%).Trend:Increase 241.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 41.01 (%).Trend:Decrease 56.75% than previous quarter

Overall: increasing (47.84%). 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 34.58 (%).Trend:Decrease 5.6% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 39.79 (%).Trend:Increase 15.07% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 34.48 (%).Trend:Decrease 13.35% than previous quarter

Overall: decreasing (-0.29%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.3 (USD).Trend:Increase 30.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.51 (USD).Trend:Decrease 60.77% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.05 (USD).Trend:Increase 105.88% than previous quarter

Overall: decreasing (-19.23%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased sharply in Q1 2021, then decreased substantially in Q2 and Q3 2021, before increasing again in Q1 2022. Current assets on revenue also display significant volatility, increasing drastically in Q1 2021, followed by decreases in Q2 and Q3 2021, and then a substantial increase in Q1 2022. Cost efficiency, measured by the ratio of retained earnings to revenue, exhibits similar high variability, with significant increases and decreases.  Investment efficiency (retained earnings on assets) shows slight fluctuations, while earning per share shows a trend of decrease with significant volatility.