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 indicate significant volatility in key financial metrics. Working capital (liabilities and current assets) shows fluctuating increases.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows an upward trend overall, though with substantial quarterly variations.  Investment efficiency slightly decreased.  Earnings per share demonstrate a consistent decline, but with substantial quarter-to-quarter shifts.  The observed patterns indicate a complex financial situation requiring further analysis to understand the factors driving the fluctuations.