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 430.94 (%).Trend:Decrease 43.68% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1071.01 (%).Trend:Increase 148.53% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 810.39 (%).Trend:Decrease 24.33% than previous quarter

Overall: increasing (88.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 469.6 (%).Trend:Decrease 42.33% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1240.44 (%).Trend:Increase 164.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 890.51 (%).Trend:Decrease 28.21% than previous quarter

Overall: increasing (89.63%). 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 38.21 (%).Trend:Decrease 19.9% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 131.03 (%).Trend:Increase 242.92% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 66.5 (%).Trend:Decrease 49.25% than previous quarter

Overall: increasing (74.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 7.06 (%).Trend:Increase 37.62% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.82 (%).Trend:Increase 24.93% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 6.54 (%).Trend:Decrease 25.85% than previous quarter

Overall: decreasing (-7.37%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.11 (USD).Trend:Increase 208.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.23 (USD).Trend:Decrease 79.28% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.41 (USD).Trend:Increase 78.26% than previous quarter

Overall: decreasing (-63.06%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal significant fluctuation in key financial metrics.  Liabilities and current assets on revenue demonstrate substantial increases, but significant variation quarter-to-quarter. Cost efficiency as indicated by the ratio of retained earnings to revenue, also shows a fluctuating overall upward trend. Investment efficiency shows a slight overall decrease,  while earnings per share demonstrate a consistent decline, despite quarter-to-quarter fluctuations. These results suggest potential growth opportunities, but caution is advised due to the considerable volatility in these metrics.