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 50.13 (%).Trend:Decrease 26.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.91 (%).Trend:Increase 57.41% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.96 (%).Trend:Decrease 48.09% than previous quarter

Overall: decreasing (-18.29%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 75.88 (%).Trend:Decrease 27.48% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 124.99 (%).Trend:Increase 64.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.5 (%).Trend:Decrease 51.6% than previous quarter

Overall: decreasing (-20.27%). 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 -4.83 (%).Trend:Decrease 50.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.06 (%).Trend:Decrease 266.87% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 6.34 (%).Trend:Decrease 21.34% than previous quarter

Overall: increasing (-231.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.71 (%).Trend:Decrease 13.53% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.35 (%).Trend:Decrease 35.02% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 31.05 (%).Trend:Increase 2.31% than previous quarter

Overall: decreasing (-33.53%). 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 -2.43 (%).Trend:Decrease 11.96% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.5 (%).Trend:Decrease 202.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.99 (%).Trend:Increase 59.6% than previous quarter

Overall: increasing (-264.2%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -5.66 (USD).Trend:Decrease 2.25% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.58 (USD).Trend:Decrease 145.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.11 (USD).Trend:Increase 59.3% than previous quarter

Overall: increasing (-172.61%). Fluctuation: **Significant** (high variation).



Over Q3 2020 – Q2 2021, liabilities and current assets on revenue decreased significantly.  Cost efficiency showed significant fluctuation, with a substantial increase in the ratio of retained earnings to revenue and a decrease in the SG&A expense ratio.  Investment efficiency metrics (retained earnings on assets and earnings per share) showed significant increases despite high volatility.  The decrease in SG&A expense ratio suggests improved cost control.