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 66.7 (%).Trend:Decrease 34.77% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 297.92 (%).Trend:Increase 346.66% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.34 (%).Trend:Decrease 67.33% than previous quarter

Overall: increasing (45.94%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 147.24 (%).Trend:Decrease 36.29% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 482.13 (%).Trend:Increase 227.44% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 261.98 (%).Trend:Decrease 45.66% than previous quarter

Overall: increasing (77.93%). 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 196.78 (%).Trend:Decrease 30.7% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 561.25 (%).Trend:Increase 185.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 285.25 (%).Trend:Decrease 49.18% than previous quarter

Overall: increasing (44.96%). 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 59.9 (%).Trend:Increase 6.89% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.81 (%).Trend:Decrease 1.82% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 58.14 (%).Trend:Decrease 1.14% than previous quarter

Overall: decreasing (-2.94%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 5.3 (USD).Trend:Increase 69.87% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.38 (USD).Trend:Decrease 55.09% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.39 (USD).Trend:Increase 84.45% than previous quarter

Overall: decreasing (-17.17%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue showed a large increase in Q1 2021, followed by considerable decreases.  Current assets on revenue also displayed significant volatility, with substantial increases and decreases over the period. Cost efficiency, as measured by the retained earnings-to-revenue ratio, exhibits substantial variability, with increases and decreases. Investment efficiency, however, shows a slight decreasing trend in retained earnings on assets. Earnings per share also show substantial fluctuations, with rising and falling sharply. Overall, the financial performance of the company shows notable short-term variation across several key performance indicators.