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 39.63 (%).Trend:Decrease 32.45% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.12 (%).Trend:Increase 84.51% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.43 (%).Trend:Decrease 44.71% than previous quarter

Overall: increasing (2.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 42.97 (%).Trend:Decrease 18.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 110.08 (%).Trend:Increase 156.18% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 55.42 (%).Trend:Decrease 49.65% than previous quarter

Overall: increasing (28.97%). 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 67.41 (%).Trend:Decrease 36.34% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 226.27 (%).Trend:Increase 235.66% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 110.59 (%).Trend:Decrease 51.12% than previous quarter

Overall: increasing (64.06%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.53 (%).Trend:Decrease 9.86% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.91 (%).Trend:Increase 2.62% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.48 (%).Trend:Increase 3.82% than previous quarter

Overall: increasing (6.54%). 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 43.45 (%).Trend:Decrease 6.16% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 48.47 (%).Trend:Increase 11.55% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 47.17 (%).Trend:Decrease 2.68% than previous quarter

Overall: increasing (8.56%). Fluctuation: **Little** (low variation).

Earning Per Share


The financial data from Q3 2020 to Q2 2021 shows mixed results.  Liabilities and current assets on revenue demonstrate significant fluctuations, with Q1 2021 seeing increases before declines in Q2.  Cost efficiency, indicated by the ratio of retained earnings to revenue, exhibits high volatility.  The SG&A expense ratio demonstrates a more moderate increase. Investment efficiency, measured by retained earnings on assets, shows a generally upward trend with minimal fluctuation. Overall, the findings point to significant variations in financial performance, necessitating deeper analysis to understand the underlying factors.