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 23.38 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.92 (%).Trend:Increase 173.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.65 (%).Trend:Decrease 58.31% than previous quarter

Overall: increasing (13.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 23.71 (%).Trend:Decrease 39.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 63.9 (%).Trend:Increase 169.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28.01 (%).Trend:Decrease 56.17% than previous quarter

Overall: increasing (18.14%). 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 9.59 (%).Trend:Decrease 30.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.7 (%).Trend:Increase 188.84% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.35 (%).Trend:Decrease 48.19% than previous quarter

Overall: increasing (49.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.05 (%).Trend:Decrease 4.74% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 6.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.94 (%).Trend:Decrease 4.24% than previous quarter

Overall: decreasing (-10.05%). 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 19.08 (%).Trend:Increase 11.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.91 (%).Trend:Increase 9.59% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.09 (%).Trend:Increase 15.21% than previous quarter

Overall: increasing (26.26%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 165.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.04 (USD).Trend:Increase 208.4% than previous quarter

Overall: increasing (-302.0%). Fluctuation: **Significant** (high variation).



Q3 2020 to Q2 2021 financial data reveals substantial fluctuation in working capital efficiency. Liabilities on revenue showed an overall increase (13.99%), while current assets on revenue also increased (18.14%). Cost efficiency displays a noticeable increase in the ratio of retained earnings to revenue (49.64%). The SG&A expense ratio decreased (10.05%) overall. Investment efficiency indicates an increase in retained earnings on assets (26.26%). Earnings per share show a highly variable overall increase, although most quarters had negative values.