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 53.13 (%).Trend:Decrease 39.21% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 174.44 (%).Trend:Increase 228.33% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 93.18 (%).Trend:Decrease 46.58% than previous quarter

Overall: increasing (75.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 34.18 (%).Trend:Decrease 35.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 122.7 (%).Trend:Increase 258.98% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 70.55 (%).Trend:Decrease 42.5% than previous quarter

Overall: increasing (106.41%). 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 121.87 (%).Trend:Decrease 33.78% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 373.8 (%).Trend:Increase 206.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 180.27 (%).Trend:Decrease 51.77% than previous quarter

Overall: increasing (47.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.65 (%).Trend:Increase 0.57% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.87 (%).Trend:Decrease 4.42% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.96 (%).Trend:Increase 0.53% than previous quarter

Overall: decreasing (-3.91%). 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 50.78 (%).Trend:Decrease 0.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 52.18 (%).Trend:Increase 2.76% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 50.68 (%).Trend:Decrease 2.87% than previous quarter

Overall: decreasing (-0.2%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.56 (USD).Trend:Increase 40.66% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.04 (USD).Trend:Decrease 59.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.16 (USD).Trend:Increase 107.69% than previous quarter

Overall: decreasing (-15.62%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 display significant volatility in several key areas. Working capital metrics (liabilities and current assets on revenue) trend upward, with substantial quarter-to-quarter fluctuations. Cost efficiency, calculated by the retained earnings-to-revenue ratio, is increasing overall but has considerable volatility between quarters. Investment efficiency, determined by retained earnings on assets, is decreasing overall with minimal quarter-to-quarter fluctuation. Finally, earnings per share show a decreasing trend with substantial quarter-to-quarter variation.