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 34.48 (%).Trend:Decrease 31.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.64 (%).Trend:Increase 168.68% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.34 (%).Trend:Decrease 47.82% than previous quarter

Overall: increasing (40.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 47.24 (%).Trend:Decrease 38.13% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 165.05 (%).Trend:Increase 249.39% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.18 (%).Trend:Decrease 50.21% than previous quarter

Overall: increasing (73.96%). 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 17.61 (%).Trend:Decrease 28.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 55.38 (%).Trend:Increase 214.48% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.51 (%).Trend:Decrease 48.52% than previous quarter

Overall: increasing (61.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.35 (%).Trend:Decrease 3.17% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.54 (%).Trend:Decrease 4.41% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.32 (%).Trend:Increase 4.45% than previous quarter

Overall: decreasing (-0.16%). 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 6.42 (%).Trend:Increase 8.08% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.91 (%).Trend:Increase 7.63% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 7.3 (%).Trend:Increase 5.64% than previous quarter

Overall: increasing (13.71%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.26 (USD).Trend:Decrease 43.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.29 (USD).Trend:Increase 89.82% than previous quarter

Overall: increasing (7.25%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 reveal considerable volatility. Working capital metrics (liabilities and current assets on revenue) are increasing with significant fluctuations.  Cost efficiency (ratio of retained earnings to revenue) demonstrates large variations, increasing sharply in Q1 2021.  The SG&A expense ratio displays minimal fluctuation, decreasing overall. Investment efficiency is stable, with a steady increase in retained earnings on assets. Earnings per share shows substantial volatility, with significant increases and decreases.