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 55.92 (%).Trend:Decrease 34.4% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 188.56 (%).Trend:Increase 237.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 84.12 (%).Trend:Decrease 55.39% than previous quarter

Overall: increasing (50.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 162.41 (%).Trend:Decrease 31.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 476.6 (%).Trend:Increase 193.45% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 216.84 (%).Trend:Decrease 54.5% than previous quarter

Overall: increasing (33.51%). 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 30.49 (%).Trend:Decrease 30.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 105.49 (%).Trend:Increase 245.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 56.06 (%).Trend:Decrease 46.86% than previous quarter

Overall: increasing (83.86%). 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 11.21 (%).Trend:Increase 3.13% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.02 (%).Trend:Increase 16.15% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 14.79 (%).Trend:Increase 13.59% than previous quarter

Overall: increasing (31.94%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.34 (USD).Trend:Increase 48.12% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.84 (USD).Trend:Decrease 57.6% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.88 (USD).Trend:Increase 110.87% than previous quarter

Overall: decreasing (-10.6%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show significant volatility. Liabilities on revenue increased sharply in Q1 2021 after declines in prior quarters, followed by a decrease in Q2 2021.  Current assets followed a similar pattern.  The retained earnings to revenue ratio rose significantly in Q1 2021 after declining in Q3 2020, then decreased again in Q2 2021. Investment efficiency had a slight increase, and earnings per share fluctuated considerably. Overall, a period of substantial financial variability is evident.