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 17.54 (%).Trend:Decrease 32.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 57.92 (%).Trend:Increase 230.22% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.82 (%).Trend:Decrease 50.24% than previous quarter

Overall: increasing (64.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 47.2 (%).Trend:Decrease 35.76% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 132.65 (%).Trend:Increase 181.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 63.58 (%).Trend:Decrease 52.07% than previous quarter

Overall: increasing (34.7%). 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 7.35 (%).Trend:Increase 8.41% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 35.38 (%).Trend:Increase 381.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 18.43 (%).Trend:Decrease 47.91% than previous quarter

Overall: increasing (150.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.37 (%).Trend:Increase 3.84% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.66 (%).Trend:Decrease 6.24% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.58 (%).Trend:Decrease 0.75% than previous quarter

Overall: decreasing (-6.95%). 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 3.56 (%).Trend:Increase 66.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 5.58 (%).Trend:Increase 56.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 6.2 (%).Trend:Increase 11.11% than previous quarter

Overall: increasing (74.16%). Fluctuation: **Significant** (high 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 0.35 (USD).Trend:Decrease 65.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 108.57% than previous quarter

Overall: decreasing (-27.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show significant volatility. Liabilities and current assets on revenue increased, though with high variation.  Cost efficiency, as measured by retained earnings to revenue, saw an increase with considerable fluctuation.  SG&A expenses displayed a slight decrease with low variance. Investment efficiency, using retained earnings on assets, increased substantially but with considerable changes in individual quarters.  Earnings per share decreased and show significant fluctuations.