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 25.89 (%).Trend:Decrease 33.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.85 (%).Trend:Increase 185.25% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.36 (%).Trend:Decrease 54.83% than previous quarter

Overall: increasing (28.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 133.98 (%).Trend:Decrease 37.02% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 362.51 (%).Trend:Increase 170.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 173.44 (%).Trend:Decrease 52.16% than previous quarter

Overall: increasing (29.45%). 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 45.74 (%).Trend:Decrease 35.05% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 123.87 (%).Trend:Increase 170.81% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 62.32 (%).Trend:Decrease 49.69% than previous quarter

Overall: increasing (36.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.06 (%).Trend:Decrease 8.14% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.22 (%).Trend:Increase 6.09% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.84 (%).Trend:Decrease 1.88% than previous quarter

Overall: increasing (4.09%). 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 24.08 (%).Trend:Increase 4.06% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.09 (%).Trend:Increase 0.04% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.86 (%).Trend:Increase 3.2% than previous quarter

Overall: increasing (3.24%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.72 (USD).Trend:Increase 83.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.0 (USD).Trend:Decrease 63.24% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.2 (USD).Trend:Increase 120.0% than previous quarter

Overall: decreasing (-19.12%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 indicate both positive and negative trends in key financial metrics. Working capital efficiency, measured by liabilities and current assets on revenue, shows an overall increasing trend, despite significant fluctuations. Cost efficiency, as reflected in the ratio of retained earnings to revenue, also displays an overall increase, but with large quarterly variations. The SG&A expense ratio shows a minor overall uptrend.  Investment efficiency demonstrates a mild upward trend, while earnings per share show a declining overall pattern, though with substantial fluctuations. Overall, the data indicates a dynamic and volatile financial state.