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 27.27 (%).Trend:Decrease 33.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 61.03 (%).Trend:Increase 123.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 30.51 (%).Trend:Decrease 50.01% than previous quarter

Overall: increasing (11.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 62.97 (%).Trend:Decrease 32.29% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 231.87 (%).Trend:Increase 268.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.27 (%).Trend:Decrease 47.27% than previous quarter

Overall: increasing (94.17%). 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 120.79 (%).Trend:Decrease 25.71% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 458.39 (%).Trend:Increase 279.49% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 225.43 (%).Trend:Decrease 50.82% than previous quarter

Overall: increasing (86.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.01 (%).Trend:Increase 8.42% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.44 (%).Trend:Increase 15.87% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.98 (%).Trend:Decrease 13.98% than previous quarter

Overall: decreasing (-0.33%). 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 60.74 (%).Trend:Increase 5.29% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 62.24 (%).Trend:Increase 2.47% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 62.73 (%).Trend:Increase 0.79% than previous quarter

Overall: increasing (3.28%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.95 (USD).Trend:Increase 26.61% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.66 (USD).Trend:Decrease 77.63% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.74 (USD).Trend:Increase 163.64% than previous quarter

Overall: decreasing (-41.02%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals significant fluctuations across various metrics.  Working capital efficiency is unstable, with liabilities on revenue exhibiting large swings. Current assets on revenue also show erratic behavior. Cost efficiency, as reflected in the ratio of retained earnings to revenue, displays dramatic variations.  Selling, General & Administrative (SG&A) expense ratio shows a slight downward trend.  Investment efficiency (retained earnings on assets) is stable. Earnings per share demonstrate significant volatility, declining dramatically before recovering.