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 26.03 (%).Trend:Decrease 31.16% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 81.16 (%).Trend:Increase 211.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.56 (%).Trend:Decrease 50.02% than previous quarter

Overall: increasing (55.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32.47 (%).Trend:Decrease 32.47% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 97.25 (%).Trend:Increase 199.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.59 (%).Trend:Decrease 50.04% than previous quarter

Overall: increasing (49.65%). 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 18.14 (%).Trend:Decrease 30.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 48.19 (%).Trend:Increase 165.66% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 25.4 (%).Trend:Decrease 47.29% than previous quarter

Overall: increasing (40.02%). 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 38.48 (%).Trend:Increase 0.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.05 (%).Trend:Decrease 8.91% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 36.34 (%).Trend:Increase 3.68% than previous quarter

Overall: decreasing (-5.56%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.62 (USD).Trend:Decrease 46.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.26 (USD).Trend:Increase 39.51% than previous quarter

Overall: decreasing (-24.67%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2020 to Q2 2021 exhibit substantial volatility.  Working capital efficiency (liabilities and current assets on revenue) shows increases with high quarter-to-quarter variations. Cost efficiency, measured by retained earnings to revenue, shows a similar overall upward trend but with significant swings. Investment efficiency (retained earnings on assets) is decreasing but with low variability. Earnings per share are decreasing but with substantial quarter-to-quarter volatility.  This pattern indicates considerable change and potential risk.