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 36.02 (%).Trend:Decrease 25.29% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 104.53 (%).Trend:Increase 190.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 54.16 (%).Trend:Decrease 48.19% than previous quarter

Overall: increasing (50.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 71.74 (%).Trend:Decrease 36.68% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 194.01 (%).Trend:Increase 170.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 98.58 (%).Trend:Decrease 49.19% than previous quarter

Overall: increasing (37.41%). 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 36.49 (%).Trend:Decrease 32.16% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 94.5 (%).Trend:Increase 158.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 44.68 (%).Trend:Decrease 52.72% than previous quarter

Overall: increasing (22.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.56 (%).Trend:Decrease 2.45% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.68 (%).Trend:Increase 1.26% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.03 (%).Trend:Increase 3.62% than previous quarter

Overall: increasing (4.92%). 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 19.07 (%).Trend:Increase 3.98% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.93 (%).Trend:Decrease 0.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 18.47 (%).Trend:Decrease 2.43% than previous quarter

Overall: decreasing (-3.15%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.22 (USD).Trend:Increase 62.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.58 (USD).Trend:Decrease 52.46% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.97 (USD).Trend:Increase 67.24% than previous quarter

Overall: decreasing (-20.49%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 show significant variations in working capital efficiency (liabilities and current assets on revenue), cost efficiency (ratio of retained earnings to revenue), and earnings per share. Liabilities and current assets on revenue, as well as the ratio of retained earnings to revenue, increased but with substantial quarter-to-quarter volatility. SG&A expenses show a slight overall decrease, while investment efficiency (retained earnings on assets) shows a modest decline.  Significant volatility across these key metrics necessitates a thorough analysis to determine underlying causes.