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 21.69 (%).Trend:Decrease 17.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 51.17 (%).Trend:Increase 135.92% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.65 (%).Trend:Decrease 42.06% than previous quarter

Overall: increasing (36.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 108.46 (%).Trend:Decrease 28.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 291.36 (%).Trend:Increase 168.63% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 161.52 (%).Trend:Decrease 44.56% than previous quarter

Overall: increasing (48.92%). 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 63.74 (%).Trend:Decrease 29.88% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 188.06 (%).Trend:Increase 195.04% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 104.01 (%).Trend:Decrease 44.69% than previous quarter

Overall: increasing (63.18%). 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 39.74 (%).Trend:Decrease 0.28% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 42.26 (%).Trend:Increase 6.34% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 42.77 (%).Trend:Increase 1.21% than previous quarter

Overall: increasing (7.62%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.39 (USD).Trend:Increase 41.84% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.54 (USD).Trend:Decrease 61.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.84 (USD).Trend:Increase 55.56% than previous quarter

Overall: decreasing (-39.57%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals significant fluctuations in key metrics. Liabilities on revenue and current assets on revenue showed overall increases but with substantial volatility.  The ratio of retained earnings to revenue also increased significantly, demonstrating considerable fluctuation. In contrast, retained earnings on assets exhibited a small, stable increase.  Earnings per share, however, decreased substantially and inconsistently.