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 18.0 (%).Trend:Decrease 28.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 44.59 (%).Trend:Increase 147.72% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.1 (%).Trend:Decrease 48.19% than previous quarter

Overall: increasing (28.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 34.2 (%).Trend:Decrease 29.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 85.55 (%).Trend:Increase 150.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 50.41 (%).Trend:Decrease 41.08% than previous quarter

Overall: increasing (47.4%). 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 7.01 (%).Trend:Decrease 22.28% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 17.61 (%).Trend:Increase 151.21% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 12.64 (%).Trend:Decrease 28.22% than previous quarter

Overall: increasing (80.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.3 (%).Trend:Decrease 4.38% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.68 (%).Trend:Decrease 3.05% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.69 (%).Trend:Decrease 10.11% than previous quarter

Overall: decreasing (-12.86%). 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 10.52 (%).Trend:Increase 17.67% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.84 (%).Trend:Decrease 25.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.6 (%).Trend:Increase 47.96% than previous quarter

Overall: increasing (10.27%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.49 (USD).Trend:Increase 98.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 43.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.24 (USD).Trend:Increase 285.71% than previous quarter

Overall: increasing (117.45%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal considerable volatility. Liabilities and current assets on revenue increased significantly in Q1 2021 after fluctuating in the preceding quarters, which could indicate potential liquidity issues. The ratio of retained earnings to revenue increased considerably in Q1 2021 after substantial decline in the previous quarters, illustrating inconsistent profitability. SG&A expense ratios display a slight decrease with low variation. Investment efficiency showed a neutral fluctuation. Earnings per share displayed large increases and decreases in the period, highlighting substantial volatility in profitability.