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 40.26 (%).Trend:Decrease 38.76% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 115.79 (%).Trend:Increase 187.61% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 59.06 (%).Trend:Decrease 48.99% than previous quarter

Overall: increasing (46.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 34.89 (%).Trend:Decrease 39.98% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 109.56 (%).Trend:Increase 214.02% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.31 (%).Trend:Decrease 54.99% than previous quarter

Overall: increasing (41.33%). 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 69.21 (%).Trend:Decrease 31.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 212.57 (%).Trend:Increase 207.14% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 104.66 (%).Trend:Decrease 50.76% than previous quarter

Overall: increasing (51.22%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.04 (%).Trend:Decrease 5.07% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.21 (%).Trend:Decrease 20.16% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.6 (%).Trend:Increase 3.48% than previous quarter

Overall: decreasing (-17.38%). 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 24.21 (%).Trend:Increase 3.24% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.45 (%).Trend:Increase 5.12% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.66 (%).Trend:Increase 4.75% than previous quarter

Overall: increasing (10.12%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2020 to Q2 2021 present considerable volatility. Liabilities on revenue fluctuated significantly, rising sharply in Q1 2021.  Current assets on revenue also followed a similar pattern. The ratio of retained earnings to revenue exhibited substantial fluctuations throughout the period. SG&A expense ratios display a moderate downward trend.  Investment efficiency shows a consistent, albeit small, increase in retained earnings on assets.