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 22.88 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.59 (%).Trend:Increase 177.93% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.72 (%).Trend:Decrease 46.97% than previous quarter

Overall: increasing (47.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 38.77 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 95.87 (%).Trend:Increase 147.28% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 51.39 (%).Trend:Decrease 46.4% than previous quarter

Overall: increasing (32.55%). 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 53.02 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 121.28 (%).Trend:Increase 128.74% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 60.29 (%).Trend:Decrease 50.29% than previous quarter

Overall: increasing (13.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.6 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.12 (%).Trend:Decrease 4.53% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.74 (%).Trend:Decrease 3.75% than previous quarter

Overall: decreasing (-8.11%). 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 49.27 (%).Trend:Decrease 1.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 49.13 (%).Trend:Decrease 0.28% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 49.04 (%).Trend:Decrease 0.18% than previous quarter

Overall: decreasing (-0.47%). Fluctuation: **Little** (low 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 0.41 (USD).Trend:Decrease 59.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.89 (USD).Trend:Increase 117.07% than previous quarter

Overall: decreasing (-11.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 indicates substantial volatility in financial metrics. Working capital efficiency, reflected in liabilities and current assets on revenue, shows significant fluctuations, with large increases followed by decreases.  Cost efficiency, measured by retained earnings-to-revenue and SG&A ratios, is similarly volatile, with major declines followed by increases. Investment efficiency, represented by retained earnings on assets, displays a stable but slightly negative trend. Earning per share shows a decrease from Q3 2020 to Q1 2021, but a marked increase from Q1 to Q2 2021.