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 47.88 (%).Trend:Decrease 17.65% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 133.18 (%).Trend:Increase 178.15% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.41 (%).Trend:Decrease 51.64% than previous quarter

Overall: increasing (34.52%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 77.82 (%).Trend:Decrease 20.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 246.91 (%).Trend:Increase 217.28% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.29 (%).Trend:Decrease 50.47% than previous quarter

Overall: increasing (57.14%). 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 89.3 (%).Trend:Decrease 29.4% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 294.22 (%).Trend:Increase 229.47% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 132.61 (%).Trend:Decrease 54.93% than previous quarter

Overall: increasing (48.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.92 (%).Trend:Increase 2.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.88 (%).Trend:Decrease 0.07% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 54.85 (%).Trend:Decrease 3.57% than previous quarter

Overall: decreasing (-3.64%). 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 57.7 (%).Trend:Decrease 3.95% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.54 (%).Trend:Increase 1.46% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 56.95 (%).Trend:Decrease 2.72% than previous quarter

Overall: decreasing (-1.3%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.18 (USD).Trend:Decrease 0.31% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.44 (USD).Trend:Decrease 54.72% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.84 (USD).Trend:Increase 166.67% than previous quarter

Overall: increasing (20.75%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals significant fluctuations in key financial metrics. Liabilities and current assets on revenue show considerable changes, particularly in Q1 2021, with a noticeable increase followed by subsequent decreases. The retained earnings to revenue ratio also demonstrates significant volatility, increasing drastically in Q1 before decreasing later. Selling, general, and administrative (SG&A) expense ratio shows a modest decrease, while retained earnings on assets shows only small changes, demonstrating little variation.  Earnings per share fluctuate markedly over the period.