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 18.34 (%).Trend:Decrease 30.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 53.86 (%).Trend:Increase 193.68% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 27.52 (%).Trend:Decrease 48.9% than previous quarter

Overall: increasing (50.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 26.2 (%).Trend:Decrease 30.13% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 72.99 (%).Trend:Increase 178.59% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 34.29 (%).Trend:Decrease 53.02% than previous quarter

Overall: increasing (30.88%). 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 12.88 (%).Trend:Decrease 28.21% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 46.88 (%).Trend:Increase 263.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 23.72 (%).Trend:Decrease 49.4% than previous quarter

Overall: increasing (84.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.16 (%).Trend:Decrease 2.61% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.92 (%).Trend:Decrease 4.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.96 (%).Trend:Decrease 3.44% than previous quarter

Overall: decreasing (-7.54%). 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 14.5 (%).Trend:Increase 7.25% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 18.12 (%).Trend:Increase 24.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 19.53 (%).Trend:Increase 7.78% than previous quarter

Overall: increasing (34.69%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements for Q3 2020 to Q2 2021 demonstrate significant fluctuation in working capital efficiency. Liabilities on revenue increased drastically in Q1 2021 then decreased, and current assets on revenue also showed high variability. The ratio of retained earnings to revenue saw dramatic increases and decreases.  The SG&A expense ratio decreased steadily. Investment efficiency exhibited a steady increase in retained earnings on assets.