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 14.02 (%).Trend:Decrease 32.53% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 52.6 (%).Trend:Increase 275.18% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 25.11 (%).Trend:Decrease 52.26% than previous quarter

Overall: increasing (79.1%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 54.26 (%).Trend:Decrease 28.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 237.12 (%).Trend:Increase 337.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 79.76 (%).Trend:Decrease 66.36% than previous quarter

Overall: increasing (47.0%). 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 32.32 (%).Trend:Decrease 32.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 97.85 (%).Trend:Increase 202.75% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 50.9 (%).Trend:Decrease 47.98% than previous quarter

Overall: increasing (57.49%). 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 35.1 (%).Trend:Increase 0.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.33 (%).Trend:Decrease 19.29% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 38.88 (%).Trend:Increase 37.24% than previous quarter

Overall: increasing (10.77%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.17 (USD).Trend:Increase 55.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.03 (USD).Trend:Decrease 147.47% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.15 (USD).Trend:Decrease 114.56% than previous quarter

Overall: decreasing (-93.09%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased substantially in Q1 2021, then decreased in Q2 2021, while current assets on revenue also displayed significant volatility, increasing in Q1 2021 and then decreasing in Q2 2021.  Retained earnings to revenue ratio shows similar patterns, increasing significantly in Q1 2021 before decreasing in Q2 2021.  Investment efficiency, measured by retained earnings on assets, is increasing with moderate variation. Earnings per share (EPS) are decreasing overall with high volatility, dropping dramatically in Q1 2021 before slightly improving in Q2 2021.  The data indicates a turbulent financial period with substantial swings in key metrics.