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 28.9 (%).Trend:Decrease 29.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 82.76 (%).Trend:Increase 186.37% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.79 (%).Trend:Decrease 48.3% than previous quarter

Overall: increasing (48.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 23.41 (%).Trend:Decrease 25.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 55.58 (%).Trend:Increase 137.42% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 27.38 (%).Trend:Decrease 50.74% than previous quarter

Overall: increasing (16.96%). 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 74.57 (%).Trend:Decrease 32.45% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 227.67 (%).Trend:Increase 205.31% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 112.88 (%).Trend:Decrease 50.42% than previous quarter

Overall: increasing (51.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.49 (%).Trend:Decrease 2.6% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.22 (%).Trend:Decrease 2.57% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.74 (%).Trend:Increase 5.09% than previous quarter

Overall: increasing (2.38%). 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 24.46 (%).Trend:Increase 0.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 25.42 (%).Trend:Increase 3.92% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 25.52 (%).Trend:Increase 0.39% than previous quarter

Overall: increasing (4.33%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.29 (USD).Trend:Increase 54.73% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 59.39% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.96 (USD).Trend:Increase 110.75% than previous quarter

Overall: decreasing (-14.41%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows significant fluctuations. Working capital efficiency, as measured by liabilities and current assets on revenue, exhibited substantial increases and decreases. Cost efficiency reveals a large increase in the retained earnings to revenue ratio in Q1 2021, following a downward trend from Q3 2020. The SG&A expense ratio shows a slight overall increase, while investment efficiency displays a steady increase in retained earnings on assets. Earnings per share showed a substantial increase from Q3 2020 to Q2 2021, but experienced a significant drop in Q1 2021.