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 32.73 (%).Trend:Decrease 10.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 48.76 (%).Trend:Increase 48.98% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 31.97 (%).Trend:Decrease 34.43% than previous quarter

Overall: decreasing (-2.32%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 39.12 (%).Trend:Decrease 33.6% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 88.53 (%).Trend:Increase 126.3% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.21 (%).Trend:Decrease 44.41% than previous quarter

Overall: increasing (25.79%). 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 6.11 (%).Trend:Increase 13.57% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 23.23 (%).Trend:Increase 280.2% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 17.27 (%).Trend:Decrease 25.66% than previous quarter

Overall: increasing (182.65%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 3.72 (%).Trend:Increase 82.35% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.45 (%).Trend:Increase 73.39% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.12 (%).Trend:Increase 25.89% than previous quarter

Overall: increasing (118.28%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q3 2020 to Q2 2021 reveals a mixed picture. Liabilities on revenue show a slight overall decline, but with significant fluctuations. Current assets on revenue trend upward with significant fluctuation. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a substantial increase with significant fluctuations. Investment efficiency, represented by retained earnings on assets, continues to increase substantially, but with significant variations.