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 29.68 (%).Trend:Decrease 20.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.86 (%).Trend:Increase 158.96% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 39.35 (%).Trend:Decrease 48.8% than previous quarter

Overall: increasing (32.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 31.14 (%).Trend:Decrease 24.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 82.37 (%).Trend:Increase 164.52% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 40.99 (%).Trend:Decrease 50.24% than previous quarter

Overall: increasing (31.63%). 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 11.94 (%).Trend:Decrease 28.59% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 38.73 (%).Trend:Increase 224.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 18.64 (%).Trend:Decrease 51.87% than previous quarter

Overall: increasing (56.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.19 (%).Trend:Increase 0.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.63 (%).Trend:Decrease 7.73% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.96 (%).Trend:Increase 1.77% than previous quarter

Overall: decreasing (-6.09%). 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 15.37 (%).Trend:Increase 3.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.57 (%).Trend:Increase 20.82% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.9 (%).Trend:Decrease 3.61% than previous quarter

Overall: increasing (16.46%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 5.0 (USD).Trend:Increase 66.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 4.2 (USD).Trend:Decrease 16.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 7.89 (USD).Trend:Increase 87.86% than previous quarter

Overall: increasing (57.8%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 depict a mixed picture.  Working capital efficiency, as measured by liabilities and current assets on revenue, show significant increases and decreases, suggesting instability.  Cost efficiency (ratio of retained earnings to revenue) also demonstrated substantial variation.  SG&A expense ratios exhibit a downward trend, suggesting consistent cost-cutting measures.  Investment efficiency (retained earnings on assets) shows a generally stable upward trend, albeit with some fluctuations.  Earning per share, while fluctuating, increased significantly across the period.