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 47.88 (%).Trend:Decrease 17.65% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 133.18 (%).Trend:Increase 178.15% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.41 (%).Trend:Decrease 51.64% than previous quarter

Overall: increasing (34.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 77.82 (%).Trend:Decrease 20.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 246.91 (%).Trend:Increase 217.28% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.29 (%).Trend:Decrease 50.47% than previous quarter

Overall: increasing (57.14%). 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 89.3 (%).Trend:Decrease 29.4% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 294.22 (%).Trend:Increase 229.47% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 132.61 (%).Trend:Decrease 54.93% than previous quarter

Overall: increasing (48.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.92 (%).Trend:Increase 2.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.88 (%).Trend:Decrease 0.07% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 54.85 (%).Trend:Decrease 3.57% than previous quarter

Overall: decreasing (-3.64%). 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 57.7 (%).Trend:Decrease 3.95% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.54 (%).Trend:Increase 1.46% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 56.95 (%).Trend:Decrease 2.72% than previous quarter

Overall: decreasing (-1.3%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.18 (USD).Trend:Decrease 0.31% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.44 (USD).Trend:Decrease 54.72% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 166.67% than previous quarter

Overall: increasing (20.75%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 indicates significant fluctuations across various metrics. Liabilities and current assets on revenue increased sharply in Q1 2021 but then decreased substantially in Q2.  The ratio of retained earnings to revenue demonstrates a major increase in Q1 before decreasing in Q2.  SG&A expense ratio showed a slight downward trend, while retained earnings on assets decreased marginally, demonstrating little fluctuation. Earnings per share saw substantial increases and decreases across the periods.