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 21.73 (%).Trend:Decrease 50.98% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 85.5 (%).Trend:Increase 293.47% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.61 (%).Trend:Decrease 61.86% than previous quarter

Overall: increasing (50.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 55.3 (%).Trend:Decrease 43.29% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 161.71 (%).Trend:Increase 192.42% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 83.32 (%).Trend:Decrease 48.48% than previous quarter

Overall: increasing (50.67%). 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 88.39 (%).Trend:Decrease 33.36% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 227.2 (%).Trend:Increase 157.04% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 112.62 (%).Trend:Decrease 50.43% than previous quarter

Overall: increasing (27.41%). 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 60.09 (%).Trend:Increase 3.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 53.9 (%).Trend:Decrease 10.3% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 53.56 (%).Trend:Decrease 0.63% than previous quarter

Overall: decreasing (-10.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.47 (USD).Trend:Increase 65.24% than previous quarter
Year 2021 Quarter 1: Earning Per Share -3.66 (USD).Trend:Decrease 205.48% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.01 (USD).Trend:Decrease 72.4% than previous quarter

Overall: decreasing (-129.11%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show substantial variations in performance. Working capital efficiency (liabilities and current assets on revenue) experienced an increase overall, although with considerable volatility. Cost efficiency (ratio of retained earnings to revenue) also showed an increase but with significant fluctuations.  Investment efficiency shows a slight overall decrease with low variation. Earnings per share experienced a large decrease overall, and significant volatility.