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 24.42 (%).Trend:Decrease 31.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.47 (%).Trend:Increase 213.14% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 77.58 (%).Trend:Increase 1.45% than previous quarter

Overall: increasing (217.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 45.3 (%).Trend:Decrease 24.01% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.72 (%).Trend:Increase 217.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 89.29 (%).Trend:Decrease 37.87% than previous quarter

Overall: increasing (97.11%). 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 95.91 (%).Trend:Decrease 30.65% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 302.78 (%).Trend:Increase 215.69% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 158.58 (%).Trend:Decrease 47.63% than previous quarter

Overall: increasing (65.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.9 (%).Trend:Increase 5.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.03 (%).Trend:Increase 1.19% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.38 (%).Trend:Increase 3.17% than previous quarter

Overall: increasing (4.4%). 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 70.73 (%).Trend:Decrease 3.68% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 68.01 (%).Trend:Decrease 3.85% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 63.85 (%).Trend:Decrease 6.12% than previous quarter

Overall: decreasing (-9.73%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.23 (USD).Trend:Increase 52.74% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.73 (USD).Trend:Decrease 67.26% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.35 (USD).Trend:Increase 84.93% than previous quarter

Overall: decreasing (-39.46%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 highlight substantial volatility.  Liabilities on revenue increased significantly in Q1 2021, while current assets showed a similar pattern. The ratio of retained earnings to revenue exhibited a significant upward trend, peaking in Q1 2021. The SG&A expense ratio saw a consistent but minor increase. Investment efficiency, measured by retained earnings on assets, showed a declining trend. Earnings per share saw a substantial drop from Q3 2020 to Q1 2021, though with subsequent increases, exhibiting significant variability in performance. Further analysis is needed to pinpoint the underlying reasons for these shifts.