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 14.77 (%).Trend:Decrease 24.6% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 32.61 (%).Trend:Increase 120.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 17.45 (%).Trend:Decrease 46.49% than previous quarter

Overall: increasing (18.14%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 47.3 (%).Trend:Decrease 23.87% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 120.68 (%).Trend:Increase 155.14% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 62.62 (%).Trend:Decrease 48.11% than previous quarter

Overall: increasing (32.39%). 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 21.55 (%).Trend:Decrease 26.83% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 70.53 (%).Trend:Increase 227.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 39.45 (%).Trend:Decrease 44.07% than previous quarter

Overall: increasing (83.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 6.28 (%).Trend:Increase 12.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.09 (%).Trend:Increase 28.82% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 9.01 (%).Trend:Increase 11.37% than previous quarter

Overall: increasing (43.47%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance shows significant volatility. Liabilities on revenue fluctuated from a decrease in Q3 2020 to increase in Q1 2021 to a further decrease in Q2 2021.  Current assets on revenue also exhibit a similar significant fluctuation pattern, from decrease in Q3 2020 to increase in Q1 2021 to decrease again in Q2 2021. Cost efficiency, reflected in the ratio of retained earnings to revenue, shows a dramatic increase in Q1 2021 then decline in Q2 2021. Investment efficiency remains on a steady increase.