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 45.75 (%).Trend:Decrease 35.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 129.0 (%).Trend:Increase 181.97% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.78 (%).Trend:Decrease 59.09% than previous quarter

Overall: increasing (15.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 81.82 (%).Trend:Decrease 36.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 290.52 (%).Trend:Increase 255.07% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 127.0 (%).Trend:Decrease 56.29% than previous quarter

Overall: increasing (55.22%). 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 436.41 (%).Trend:Decrease 36.44% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 1192.37 (%).Trend:Increase 173.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 575.37 (%).Trend:Decrease 51.75% than previous quarter

Overall: increasing (31.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.38 (%).Trend:Decrease 5.72% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.53 (%).Trend:Decrease 7.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.36 (%).Trend:Decrease 0.72% than previous quarter

Overall: decreasing (-7.96%). 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 257.15 (%).Trend:Increase 0.7% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 225.94 (%).Trend:Decrease 12.14% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 239.18 (%).Trend:Increase 5.86% than previous quarter

Overall: decreasing (-6.99%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.89 (USD).Trend:Increase 72.18% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.38 (USD).Trend:Decrease 51.33% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.09 (USD).Trend:Increase 113.87% than previous quarter

Overall: increasing (4.09%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 indicate significant quarter-to-quarter variations.  Working capital efficiency (liabilities and current assets on revenue) shows increases, but with substantial fluctuations. Cost efficiency, reflected in the ratio of retained earnings to revenue, also shows increases with high variation. SG&A expense ratio decreased overall (-7.96%) with little variation. Investment efficiency and earnings per share both display increases but with significant variation.