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 30.08 (%).Trend:Decrease 38.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 41.6 (%).Trend:Increase 38.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 22.23 (%).Trend:Decrease 46.56% than previous quarter

Overall: decreasing (-26.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 60.3 (%).Trend:Decrease 49.53% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 139.61 (%).Trend:Increase 131.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 71.21 (%).Trend:Decrease 48.99% than previous quarter

Overall: increasing (18.09%). 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 70.88 (%).Trend:Decrease 33.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 182.14 (%).Trend:Increase 156.97% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 91.1 (%).Trend:Decrease 49.98% than previous quarter

Overall: increasing (28.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.87 (%).Trend:Increase 2.5% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 12.55% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.32 (%).Trend:Decrease 0.58% than previous quarter

Overall: decreasing (-13.06%). 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 54.66 (%).Trend:Decrease 3.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.77 (%).Trend:Increase 7.52% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 57.89 (%).Trend:Decrease 1.5% than previous quarter

Overall: increasing (5.91%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.5 (USD).Trend:Increase 177.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Increase 64.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.7 (USD).Trend:Increase 107.32% than previous quarter

Overall: increasing (240.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal mixed trends. Working capital efficiency shows fluctuation in liabilities and current assets. Cost efficiency presents a substantial increase in the retained earnings-to-revenue ratio, despite significant quarterly variations.  SG&A expense ratios show an overall decrease.  Investment efficiency exhibits relatively stable retained earnings on assets. Earnings per share shows a major increase over the timeframe. Further examination is crucial to understand the causes of the substantial fluctuations.