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 29.59 (%).Trend:Decrease 31.36% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 74.87 (%).Trend:Increase 153.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.86 (%).Trend:Decrease 49.43% than previous quarter

Overall: increasing (27.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 78.97 (%).Trend:Decrease 32.62% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 336.23 (%).Trend:Increase 325.77% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 164.16 (%).Trend:Decrease 51.18% than previous quarter

Overall: increasing (107.88%). 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 97.26 (%).Trend:Decrease 32.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 427.74 (%).Trend:Increase 339.79% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 201.75 (%).Trend:Decrease 52.83% than previous quarter

Overall: increasing (107.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.12 (%).Trend:Decrease 2.36% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.97 (%).Trend:Increase 31.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.04 (%).Trend:Increase 0.58% than previous quarter

Overall: increasing (32.02%). Fluctuation: **Neutral** (moderate 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 49.46 (%).Trend:Increase 1.04% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 48.3 (%).Trend:Decrease 2.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 46.54 (%).Trend:Decrease 3.64% than previous quarter

Overall: decreasing (-5.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.47 (USD).Trend:Increase 49.7% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.98 (USD).Trend:Decrease 139.68% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.74 (USD).Trend:Increase 179.59% than previous quarter

Overall: decreasing (-210.93%). Fluctuation: **Significant** (high variation).



Analysis of financial statements for 2020 Q3-2021 Q2 reveals significant fluctuations. Working capital efficiency metrics, liabilities and current assets on revenue, show increasing trends with substantial variability. Cost efficiency, measured by the ratio of retained earnings to revenue, displays an upward trend with large fluctuations. Selling, General and Administrative (SG&A) expense ratios increase moderately. Investment efficiency shows a slight decrease. Earnings per share demonstrate a considerable overall decrease, marked by substantial quarter-to-quarter variability.