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 20.62 (%).Trend:Decrease 18.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.29 (%).Trend:Increase 163.29% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.74 (%).Trend:Decrease 50.75% than previous quarter

Overall: increasing (29.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 76.99 (%).Trend:Decrease 30.09% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 198.87 (%).Trend:Increase 158.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 101.51 (%).Trend:Decrease 48.96% than previous quarter

Overall: increasing (31.85%). 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 117.9 (%).Trend:Decrease 35.89% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 282.19 (%).Trend:Increase 139.35% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 138.83 (%).Trend:Decrease 50.8% than previous quarter

Overall: increasing (17.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.67 (%).Trend:Decrease 3.47% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.19 (%).Trend:Decrease 28.74% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.13 (%).Trend:Decrease 5.04% than previous quarter

Overall: decreasing (-32.34%). Fluctuation: **Neutral** (moderate 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 40.88 (%).Trend:Increase 0.22% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 41.51 (%).Trend:Increase 1.54% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 42.6 (%).Trend:Increase 2.63% than previous quarter

Overall: increasing (4.21%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements for Q3 2020 to Q2 2021 show significant fluctuations in working capital efficiency. Liabilities on revenue increased significantly in Q1 2021 after a decline. Current assets on revenue also saw a significant increase and decrease. Cost efficiency shows substantial variations in the ratio of retained earnings to revenue, a substantial increase followed by decrease.  SG&A expense ratio decreased slightly overall, showing moderate fluctuation. Investment efficiency had minimal changes in retained earnings on assets.