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 22.09 (%).Trend:Decrease 30.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 61.83 (%).Trend:Increase 179.9% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.3 (%).Trend:Decrease 50.99% than previous quarter

Overall: increasing (37.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 17.9 (%).Trend:Decrease 26.4% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 47.38 (%).Trend:Increase 164.69% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 24.03 (%).Trend:Decrease 49.28% than previous quarter

Overall: increasing (34.25%). 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 21.26 (%).Trend:Decrease 31.6% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 60.7 (%).Trend:Increase 185.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 32.39 (%).Trend:Decrease 46.64% than previous quarter

Overall: increasing (52.35%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.14 (%).Trend:Increase 1.0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.48 (%).Trend:Decrease 3.12% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.84 (%).Trend:Increase 1.76% than previous quarter

Overall: decreasing (-1.42%). 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 33.63 (%).Trend:Increase 0.69% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 34.84 (%).Trend:Increase 3.6% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 36.91 (%).Trend:Increase 5.94% than previous quarter

Overall: increasing (9.75%). 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 1.0 (USD).Trend:Decrease 66.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.0 (USD).Trend:Increase 200.0% than previous quarter

Overall: stable (0.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show considerable volatility. Liabilities and current assets on revenue both increased, although with significant swings.  The ratio of retained earnings to revenue increased substantially, despite significant fluctuations. Invest efficiency displays a relatively stable and consistent growth pattern (9.75%).  Earnings per share remained broadly stable, but with substantial changes from one quarter to the next.