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 21.32 (%).Trend:Decrease 14.62% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 55.28 (%).Trend:Increase 159.29% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.07 (%).Trend:Decrease 52.84% than previous quarter

Overall: increasing (22.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 61.89 (%).Trend:Decrease 26.76% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 176.74 (%).Trend:Increase 185.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.37 (%).Trend:Decrease 53.39% than previous quarter

Overall: increasing (33.09%). 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 54.12 (%).Trend:Decrease 35.49% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 133.8 (%).Trend:Increase 147.23% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 66.21 (%).Trend:Decrease 50.52% than previous quarter

Overall: increasing (22.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.43 (%).Trend:Increase 5.37% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.47 (%).Trend:Decrease 26.91% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.75 (%).Trend:Increase 9.5% than previous quarter

Overall: decreasing (-19.97%). 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 59.28 (%).Trend:Decrease 6.25% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 58.86 (%).Trend:Decrease 0.71% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 62.99 (%).Trend:Increase 7.02% than previous quarter

Overall: increasing (6.26%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q3 2020 to Q2 2021 demonstrates significant volatility. Liabilities and current assets on revenue show large fluctuations, but generally increasing trends.  Cost efficiency, as measured by the ratio of retained earnings to revenue, displays a substantial increase overall, with substantial quarter-to-quarter variation. SG&A expenses show a slight decrease. Investment efficiency, measured by retained earnings on assets, shows a marginal increase.