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 38.68 (%).Trend:Decrease 30.83% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 140.74 (%).Trend:Increase 263.86% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 43.62 (%).Trend:Decrease 69.01% than previous quarter

Overall: increasing (12.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 130.94 (%).Trend:Decrease 32.1% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 296.3 (%).Trend:Increase 126.29% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 120.19 (%).Trend:Decrease 59.44% than previous quarter

Overall: decreasing (-8.21%). 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 20.25 (%).Trend:Decrease 154.27% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 49.38 (%).Trend:Increase 143.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 27.56 (%).Trend:Decrease 44.19% than previous quarter

Overall: increasing (36.1%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.32 (%).Trend:Decrease 0.45% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.09 (%).Trend:Decrease 31.76% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.69 (%).Trend:Decrease 4.4% than previous quarter

Overall: decreasing (-34.76%). Fluctuation: **Neutral** (moderate 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 6.18 (%).Trend:Decrease 169.83% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.64 (%).Trend:Increase 7.44% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.1 (%).Trend:Increase 21.99% than previous quarter

Overall: increasing (31.07%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 6.45 (USD).Trend:Increase 3294.74% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.13 (USD).Trend:Decrease 97.98% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.61 (USD).Trend:Increase 369.23% than previous quarter

Overall: decreasing (-90.54%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal substantial fluctuation.  Liabilities on revenue exhibited an overall increase despite volatility between quarters.  Current assets on revenue declined overall.  The retained earnings-to-revenue ratio increased overall, with high variation in quarterly changes. SG&A expense ratio decreased overall. Investment efficiency displayed a neutral trend, with retained earnings on assets showing an increase overall. Earnings per share showed high variation and a decrease overall.  The instability of these indicators suggests the need for further analysis of the causes of the fluctuations.