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 26.31 (%).Trend:Decrease 35.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.36 (%).Trend:Increase 327.06% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 50.93 (%).Trend:Decrease 54.67% than previous quarter

Overall: increasing (93.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 52.06 (%).Trend:Decrease 25.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 188.53 (%).Trend:Increase 262.14% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.02 (%).Trend:Decrease 49.6% than previous quarter

Overall: increasing (82.52%). 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 72.81 (%).Trend:Decrease 24.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 301.72 (%).Trend:Increase 314.39% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 149.62 (%).Trend:Decrease 50.41% than previous quarter

Overall: increasing (105.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.28 (%).Trend:Decrease 3.42% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.85 (%).Trend:Increase 11.82% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.57 (%).Trend:Decrease 8.62% than previous quarter

Overall: increasing (2.18%). 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 23.71 (%).Trend:Increase 8.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 27.28 (%).Trend:Increase 15.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.38 (%).Trend:Increase 7.7% than previous quarter

Overall: increasing (23.91%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.13 (USD).Trend:Increase 54.79% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.37 (USD).Trend:Decrease 67.26% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.89 (USD).Trend:Increase 140.54% than previous quarter

Overall: decreasing (-21.24%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 indicate significant fluctuations. Liabilities on revenue showed a mixed trend, increasing overall but decreasing in the second quarter.  Current assets on revenue increased substantially, with a decrease in the second quarter.  The ratio of retained earnings to revenue saw a substantial overall increase, with a decrease in the second quarter.  SG&A expense ratio saw a slight increase. Investment efficiency demonstrated a moderate increase. Earnings per share, however, showed a substantial overall decrease, but a significant increase in the second quarter.