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 20.62 (%).Trend:Decrease 18.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.29 (%).Trend:Increase 163.29% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.74 (%).Trend:Decrease 50.75% than previous quarter

Overall: increasing (29.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 76.99 (%).Trend:Decrease 30.09% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 198.87 (%).Trend:Increase 158.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 101.51 (%).Trend:Decrease 48.96% than previous quarter

Overall: increasing (31.85%). 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 117.9 (%).Trend:Decrease 35.89% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 282.19 (%).Trend:Increase 139.35% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 138.83 (%).Trend:Decrease 50.8% than previous quarter

Overall: increasing (17.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.67 (%).Trend:Decrease 3.47% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.19 (%).Trend:Decrease 28.74% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.13 (%).Trend:Decrease 5.04% than previous quarter

Overall: decreasing (-32.34%). 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 40.88 (%).Trend:Increase 0.22% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 41.51 (%).Trend:Increase 1.54% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 42.6 (%).Trend:Increase 2.63% than previous quarter

Overall: increasing (4.21%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2020 to Q2 2021 show significant fluctuations. Working capital efficiency, measured by liabilities and current assets on revenue, is increasing but with high volatility.  Cost efficiency, indicated by the SG&A expense ratio, is decreasing.  The retained earnings-to-revenue ratio is also increasing, though highly variable.  Investment efficiency, as measured by retained earnings on assets, is showing a modest upward trend with little fluctuation.  Overall, the data suggests a complex financial picture with significant volatility across key metrics.