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 17.54 (%).Trend:Decrease 32.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 57.92 (%).Trend:Increase 230.22% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.82 (%).Trend:Decrease 50.24% than previous quarter

Overall: increasing (64.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 47.2 (%).Trend:Decrease 35.76% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 132.65 (%).Trend:Increase 181.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 63.58 (%).Trend:Decrease 52.07% than previous quarter

Overall: increasing (34.7%). 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 7.35 (%).Trend:Increase 8.41% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 35.38 (%).Trend:Increase 381.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 18.43 (%).Trend:Decrease 47.91% than previous quarter

Overall: increasing (150.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.37 (%).Trend:Increase 3.84% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.66 (%).Trend:Decrease 6.24% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.58 (%).Trend:Decrease 0.75% than previous quarter

Overall: decreasing (-6.95%). 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 3.56 (%).Trend:Increase 66.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 5.58 (%).Trend:Increase 56.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 6.2 (%).Trend:Increase 11.11% than previous quarter

Overall: increasing (74.16%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.35 (USD).Trend:Decrease 65.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.73 (USD).Trend:Increase 108.57% than previous quarter

Overall: decreasing (-27.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show inconsistent financial performance. Working capital efficiency, with both liabilities and current assets on revenue, displayed a significant increase.  Cost efficiency has inconsistent trends with retained earnings to revenue increasing significantly and SG&A expenses decreasing slightly. Investment efficiency and earning per share reveal increasing trends with high variation.