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 26.03 (%).Trend:Decrease 31.16% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 81.16 (%).Trend:Increase 211.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.56 (%).Trend:Decrease 50.02% than previous quarter

Overall: increasing (55.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32.47 (%).Trend:Decrease 32.47% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 97.25 (%).Trend:Increase 199.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.59 (%).Trend:Decrease 50.04% than previous quarter

Overall: increasing (49.65%). 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 18.14 (%).Trend:Decrease 30.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 48.19 (%).Trend:Increase 165.66% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 25.4 (%).Trend:Decrease 47.29% than previous quarter

Overall: increasing (40.02%). 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 38.48 (%).Trend:Increase 0.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.05 (%).Trend:Decrease 8.91% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 36.34 (%).Trend:Increase 3.68% than previous quarter

Overall: decreasing (-5.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.62 (USD).Trend:Decrease 46.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.26 (USD).Trend:Increase 39.51% than previous quarter

Overall: decreasing (-24.67%). Fluctuation: **Significant** (high variation).



Working capital efficiency, specifically liabilities and current assets on revenue, shows a highly volatile pattern in Q3 2020 to Q2 2021.  Liabilities increase sharply in Q1 2021, then fall dramatically in Q2 2021.  A similar pattern is present in current assets, with an increase in Q1 2021 and a subsequent decrease in Q2 2021. The ratio of retained earnings to revenue exhibits similarly high volatility.  Invest efficiency (retained earnings on assets) shows a small decrease overall, with little fluctuation. Earnings per share demonstrate significant variations, increasing in Q3 2020 and decreasing in Q1 2021, then showing some increase in Q2 2021.