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 45.43 (%).Trend:Decrease 29.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 118.91 (%).Trend:Increase 161.74% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.92 (%).Trend:Decrease 55.5% than previous quarter

Overall: increasing (16.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 66.76 (%).Trend:Decrease 30.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 138.29 (%).Trend:Increase 107.14% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.42 (%).Trend:Decrease 56.31% than previous quarter

Overall: decreasing (-9.5%). 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 11.5 (%).Trend:Decrease 47.96% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 12.83 (%).Trend:Increase 11.57% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 7.59 (%).Trend:Decrease 40.84% than previous quarter

Overall: decreasing (-34.0%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.14 (%).Trend:Increase 5.62% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.05 (%).Trend:Decrease 29.27% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.44 (%).Trend:Increase 7.72% than previous quarter

Overall: decreasing (-23.81%). Fluctuation: **Neutral** (moderate 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 7.61 (%).Trend:Decrease 26.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.04 (%).Trend:Decrease 46.91% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 4.53 (%).Trend:Increase 12.13% than previous quarter

Overall: decreasing (-40.47%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 10.25 (USD).Trend:Increase 34.34% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.7 (USD).Trend:Decrease 83.41% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.11 (USD).Trend:Increase 82.94% than previous quarter

Overall: decreasing (-69.66%). Fluctuation: **Significant** (high variation).



The period from Q3 2020 to Q2 2021 exhibits considerable financial volatility.  Liabilities on revenue increased slightly (16.49%), while current assets decreased (-9.5%), both with significant fluctuation. Cost efficiency metrics, ratio of retained earnings to revenue (-34.0%) and SG&A expense ratio (-23.81%), show decreases with moderate variation.  Investment efficiency indicators, retained earnings on assets (-40.47%) and earnings per share (-69.66%), show substantial decreases and high variation.