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 175.92 (%).Trend:Decrease 29.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 464.74 (%).Trend:Increase 164.18% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 232.21 (%).Trend:Decrease 50.03% than previous quarter

Overall: increasing (32.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 208.54 (%).Trend:Decrease 28.03% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 582.17 (%).Trend:Increase 179.16% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 296.49 (%).Trend:Decrease 49.07% than previous quarter

Overall: increasing (42.17%). 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 46.78 (%).Trend:Decrease 30.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 149.37 (%).Trend:Increase 219.3% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 75.23 (%).Trend:Decrease 49.64% than previous quarter

Overall: increasing (60.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.84 (%).Trend:Decrease 3.84% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.19 (%).Trend:Increase 16.8% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.49 (%).Trend:Decrease 7.26% than previous quarter

Overall: increasing (8.32%). 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 15.14 (%).Trend:Increase 1.2% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 16.36 (%).Trend:Increase 8.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 16.47 (%).Trend:Increase 0.67% than previous quarter

Overall: increasing (8.78%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.45 (USD).Trend:Increase 67.81% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.59 (USD).Trend:Decrease 75.92% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.35 (USD).Trend:Increase 128.81% than previous quarter

Overall: decreasing (-44.9%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 highlight significant volatility in several key financial metrics. Working capital efficiency, as indicated by liabilities and current assets on revenue, displayed a sharp rise in Q1 2021 before a considerable fall in Q2 2021. Cost efficiency, shown by the retained earnings-to-revenue ratio, increased notably in Q1 2021 before decreasing significantly in Q2 2021.  SG&A expenses remained relatively steady.  Investment efficiency, tracked by retained earnings on assets, consistently increased.  Earnings per share showed a significant drop in Q1 2021, but recovered substantially in Q2 2021.