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 28.94 (%).Trend:Decrease 39.37% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 81.16 (%).Trend:Increase 180.44% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 43.55 (%).Trend:Decrease 46.34% than previous quarter

Overall: increasing (50.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 168.81 (%).Trend:Decrease 25.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 442.37 (%).Trend:Increase 162.05% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 246.84 (%).Trend:Decrease 44.2% than previous quarter

Overall: increasing (46.22%). 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 274.91 (%).Trend:Decrease 26.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 658.08 (%).Trend:Increase 139.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 365.34 (%).Trend:Decrease 44.48% than previous quarter

Overall: increasing (32.89%). 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 84.31 (%).Trend:Increase 3.64% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 82.85 (%).Trend:Decrease 1.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 83.44 (%).Trend:Increase 0.71% than previous quarter

Overall: decreasing (-1.03%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.03 (USD).Trend:Increase 49.26% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.34 (USD).Trend:Decrease 33.99% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.09 (USD).Trend:Increase 55.97% than previous quarter

Overall: increasing (2.96%). Fluctuation: **Neutral** (moderate variation).



The financial statements from Q3 2020 to Q2 2021 reveal significant volatility in working capital efficiency, with liabilities and current assets on revenue experiencing substantial fluctuations.  Cost efficiency, measured by the ratio of retained earnings to revenue, also shows major variations, increasing in Q1 2021 but then declining in subsequent quarters. Investment efficiency, however, exhibits a more stable trend, with retained earnings on assets generally increasing slightly, though not consistently. Earnings per share shows moderate fluctuations, increasing from Q3 2020 to Q1 2021 and increasing further in Q2 2021.