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 37.13 (%).Trend:Decrease 26.49% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 62.76 (%).Trend:Increase 69.03% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.43 (%).Trend:Decrease 53.11% than previous quarter

Overall: decreasing (-20.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 52.03 (%).Trend:Decrease 20.22% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 110.26 (%).Trend:Increase 111.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 40.72 (%).Trend:Decrease 63.07% than previous quarter

Overall: decreasing (-21.74%). 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 136.75 (%).Trend:Decrease 39.93% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 356.25 (%).Trend:Increase 160.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 194.42 (%).Trend:Decrease 45.43% than previous quarter

Overall: increasing (42.17%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.14 (%).Trend:Decrease 11.56% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.96 (%).Trend:Decrease 12.72% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.86 (%).Trend:Increase 6.02% than previous quarter

Overall: decreasing (-7.47%). 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 62.22 (%).Trend:Decrease 2.71% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 69.56 (%).Trend:Increase 11.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 79.67 (%).Trend:Increase 14.53% than previous quarter

Overall: increasing (28.05%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 6.33 (USD).Trend:Increase 198.58% than previous quarter
Year 2021 Quarter 1: Earning Per Share 3.52 (USD).Trend:Decrease 44.39% than previous quarter
Year 2021 Quarter 2: Earning Per Share 8.52 (USD).Trend:Increase 142.05% than previous quarter

Overall: increasing (34.6%). Fluctuation: **Significant** (high variation).



Between Q3 2020 and Q2 2021, liabilities and current assets on revenue decreased overall despite initial substantial increases. The ratio of retained earnings to revenue increased significantly, yet fluctuated considerably. The SG&A expense ratio showed a small decrease. Retained earnings on assets showed moderate growth, and earnings per share increased significantly with high variation.