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 80.18 (%).Trend:Increase 23.28% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.43 (%).Trend:Increase 15.28% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 43.2 (%).Trend:Decrease 53.26% than previous quarter

Overall: decreasing (-46.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 85.69 (%).Trend:Increase 16.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 192.24 (%).Trend:Increase 124.34% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 90.14 (%).Trend:Decrease 53.11% than previous quarter

Overall: increasing (5.19%). 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 7.36 (%).Trend:Decrease 37.52% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 31.15 (%).Trend:Increase 323.23% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.87 (%).Trend:Decrease 52.26% than previous quarter

Overall: increasing (102.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.04 (%).Trend:Increase 7.63% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.67 (%).Trend:Decrease 11.83% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.71 (%).Trend:Increase 0.23% than previous quarter

Overall: decreasing (-11.63%). 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 7.37 (%).Trend:Decrease 41.41% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.7 (%).Trend:Increase 85.89% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 13.57 (%).Trend:Decrease 0.95% than previous quarter

Overall: increasing (84.12%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 indicates significant volatility. Liabilities on revenue decreased substantially, while current assets on revenue increased, but with large quarterly swings. Cost efficiency shows a noteworthy increase in the ratio of retained earnings to revenue, but fluctuations remain substantial.  The SG&A expense ratio decreased slightly with low variation.  Investment efficiency saw an overall increase with significant quarterly fluctuations.