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 30.69 (%).Trend:Decrease 31.13% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.61 (%).Trend:Increase 201.76% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.52 (%).Trend:Decrease 46.53% than previous quarter

Overall: increasing (61.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 146.96 (%).Trend:Decrease 27.6% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 329.52 (%).Trend:Increase 124.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 175.03 (%).Trend:Decrease 46.88% than previous quarter

Overall: increasing (19.1%). 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 34.89 (%).Trend:Decrease 23.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 115.09 (%).Trend:Increase 229.87% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 61.68 (%).Trend:Decrease 46.41% than previous quarter

Overall: increasing (76.78%). 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 16.41 (%).Trend:Increase 10.43% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.86 (%).Trend:Increase 14.93% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.9 (%).Trend:Increase 5.51% than previous quarter

Overall: increasing (21.27%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.91 (USD).Trend:Increase 54.24% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.29 (USD).Trend:Decrease 68.13% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.57 (USD).Trend:Increase 96.55% than previous quarter

Overall: decreasing (-37.36%). Fluctuation: **Significant** (high variation).



Analysis of three quarters (Q3 2020-Q2 2021) reveals significant fluctuations in several key metrics. Liabilities on revenue and current assets on revenue showed overall increases but with substantial quarter-to-quarter variations.  The ratio of retained earnings to revenue also increased significantly, while retained earnings on assets increased modestly.  Earnings per share, however, decreased overall.