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 51.67 (%).Trend:Decrease 22.27% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 188.06 (%).Trend:Increase 263.96% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71.34 (%).Trend:Decrease 62.07% than previous quarter

Overall: increasing (38.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 69.62 (%).Trend:Decrease 23.92% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 392.33 (%).Trend:Increase 463.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 180.07 (%).Trend:Decrease 54.1% than previous quarter

Overall: increasing (158.65%). 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 71.0 (%).Trend:Decrease 36.57% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 192.34 (%).Trend:Increase 170.9% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 97.63 (%).Trend:Decrease 49.24% than previous quarter

Overall: increasing (37.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.5 (%).Trend:Increase 0.09% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 63.65 (%).Trend:Increase 12.65% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 56.22 (%).Trend:Decrease 11.67% than previous quarter

Overall: decreasing (-0.5%). 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 50.04 (%).Trend:Decrease 7.45% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.56 (%).Trend:Decrease 34.93% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 36.06 (%).Trend:Increase 10.75% than previous quarter

Overall: decreasing (-27.94%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analyzing Q3 2020 to Q2 2021 data reveals significant increases in liabilities on revenue (38.07%) and current assets on revenue (158.65%), both marked by high volatility.  The ratio of retained earnings to revenue also demonstrates a substantial increase (37.51%) with significant fluctuation.  In contrast, the SG&A expense ratio shows a small decrease (-0.5%) and low volatility. Retained earnings on assets decreased moderately (-27.94%).  These fluctuations warrant further analysis.