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 19.08 (%).Trend:Decrease 40.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 56.21 (%).Trend:Increase 194.6% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.79 (%).Trend:Decrease 41.67% than previous quarter

Overall: increasing (71.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 80.76 (%).Trend:Decrease 28.88% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 275.57 (%).Trend:Increase 241.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 152.89 (%).Trend:Decrease 44.52% than previous quarter

Overall: increasing (89.31%). 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 22.34 (%).Trend:Increase 2.9% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 94.26 (%).Trend:Increase 321.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 55.61 (%).Trend:Decrease 41.0% than previous quarter

Overall: increasing (148.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 16.86 (%).Trend:Increase 46.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.07 (%).Trend:Increase 36.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 25.4 (%).Trend:Increase 10.1% than previous quarter

Overall: increasing (50.65%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.44 (USD).Trend:Decrease 56.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.82 (USD).Trend:Increase 86.36% than previous quarter

Overall: decreasing (-18.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show considerable volatility.  Working capital efficiency demonstrates significant increases in liabilities and current assets on revenue, but with sharp fluctuations. Cost efficiency reveals a substantial rise in the retained earnings to revenue ratio, punctuated by large quarterly swings. Investment efficiency shows a steady increase in retained earnings on assets with little fluctuation.  Earning per share experienced a large decrease in Q1 2021, followed by an increase in Q2 2021, indicating substantial volatility. The findings suggest significant instability across various financial indicators.