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


Financial statements from Q3 2020 to Q2 2021 highlight significant volatility.  Working capital efficiency fluctuates drastically, with increases in liabilities and current assets in Q1 2021 before decreasing in Q2.  Cost efficiency shows a substantial increase in Q1 2021 before decreasing in Q2, indicating high volatility.  The SG&A expense ratio shows moderate growth. Investment efficiency remains stable.  The data suggests substantial changes in operational efficiency and revenue generation across the analyzed periods.