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 14.19 (%).Trend:Decrease 35.5% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 45.82 (%).Trend:Increase 222.9% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.33 (%).Trend:Decrease 49.08% than previous quarter

Overall: increasing (64.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 31.94 (%).Trend:Decrease 34.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 109.51 (%).Trend:Increase 242.86% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 54.13 (%).Trend:Decrease 50.57% than previous quarter

Overall: increasing (69.47%). 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 8.52 (%).Trend:Decrease 27.05% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 24.45 (%).Trend:Increase 186.97% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 13.91 (%).Trend:Decrease 43.11% than previous quarter

Overall: increasing (63.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 23.82 (%).Trend:Increase 3.03% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.82 (%).Trend:Decrease 4.2% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.99 (%).Trend:Increase 0.74% than previous quarter

Overall: decreasing (-3.48%). 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 9.37 (%).Trend:Increase 7.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.81 (%).Trend:Decrease 5.98% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.16 (%).Trend:Increase 15.32% than previous quarter

Overall: increasing (8.43%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.55 (USD).Trend:Increase 19.23% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.64 (USD).Trend:Decrease 58.71% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.3 (USD).Trend:Increase 103.12% than previous quarter

Overall: decreasing (-16.13%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 demonstrates significant volatility.  Liabilities and current assets on revenue showed large swings. Retained earnings to revenue increased overall but with substantial quarterly shifts.  SG&A expense ratios showed minimal fluctuation and a slight decrease overall.  Retained earnings on assets showed a consistent upward trend. Earnings per share declined initially but recovered in subsequent quarters, demonstrating substantial volatility.