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 28.58 (%).Trend:Decrease 22.4% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 71.98 (%).Trend:Increase 151.85% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.9 (%).Trend:Decrease 52.9% than previous quarter

Overall: increasing (18.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 79.04 (%).Trend:Decrease 27.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 197.85 (%).Trend:Increase 150.32% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 105.93 (%).Trend:Decrease 46.46% than previous quarter

Overall: increasing (34.02%). 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 113.19 (%).Trend:Decrease 32.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 296.02 (%).Trend:Increase 161.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 154.93 (%).Trend:Decrease 47.66% than previous quarter

Overall: increasing (36.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.41 (%).Trend:Decrease 1.84% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.96 (%).Trend:Decrease 17.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.4 (%).Trend:Increase 3.68% than previous quarter

Overall: decreasing (-13.95%). 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 68.66 (%).Trend:Decrease 3.55% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 72.47 (%).Trend:Increase 5.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 73.64 (%).Trend:Increase 1.61% than previous quarter

Overall: increasing (7.25%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.04 (USD).Trend:Decrease 32.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.58 (USD).Trend:Increase 124.51% than previous quarter

Overall: increasing (52.67%). Fluctuation: **Significant** (high variation).



The analysis of Q3 2020 to Q2 2021 reveals fluctuating performance. Working capital shows increasing liabilities (18.61%) and current assets (34.02%) on revenue, both with significant variation. Cost efficiency indicates a rising ratio of retained earnings to revenue (36.88%) alongside significant fluctuation, while SG&A expenses decreased (-13.95%) with little variation. Investment efficiency shows increasing retained earnings on assets (7.25%) with low fluctuation. Earnings per share increased (52.67%) but experienced significant variation. Overall, the company demonstrates growth in retained earnings and EPS, but working capital metrics are volatile, requiring further investigation.