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 29.59 (%).Trend:Decrease 31.36% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 74.87 (%).Trend:Increase 153.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.86 (%).Trend:Decrease 49.43% than previous quarter

Overall: increasing (27.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 78.97 (%).Trend:Decrease 32.62% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 336.23 (%).Trend:Increase 325.77% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 164.16 (%).Trend:Decrease 51.18% than previous quarter

Overall: increasing (107.88%). 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 97.26 (%).Trend:Decrease 32.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 427.74 (%).Trend:Increase 339.79% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 201.75 (%).Trend:Decrease 52.83% than previous quarter

Overall: increasing (107.43%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.12 (%).Trend:Decrease 2.36% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.97 (%).Trend:Increase 31.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.04 (%).Trend:Increase 0.58% than previous quarter

Overall: increasing (32.02%). Fluctuation: **Neutral** (moderate 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 49.46 (%).Trend:Increase 1.04% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 48.3 (%).Trend:Decrease 2.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 46.54 (%).Trend:Decrease 3.64% than previous quarter

Overall: decreasing (-5.9%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.47 (USD).Trend:Increase 49.7% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.98 (USD).Trend:Decrease 139.68% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.74 (USD).Trend:Increase 179.59% than previous quarter

Overall: decreasing (-210.93%). Fluctuation: **Significant** (high variation).



Financial statements for 2020 Q3 to 2021 Q2 show a mixed financial picture with substantial fluctuations in several key areas. Working capital efficiency, cost efficiency, and investment efficiency exhibit considerable quarter-to-quarter variations.  Selling, General & Administrative (SG&A) expense ratios show moderate increases.  Earnings per share display a significant overall decrease with high volatility. This suggests a need for further investigation into the underlying business drivers.