Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 18.34 (%).Trend:Decrease 43.41% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 56.4 (%).Trend:Increase 207.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.72 (%).Trend:Decrease 56.17% than previous quarter

Overall: increasing (34.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 49.83 (%).Trend:Decrease 40.55% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 127.12 (%).Trend:Increase 155.11% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.03 (%).Trend:Decrease 49.63% than previous quarter

Overall: increasing (28.5%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -36.74 (%).Trend:Decrease 20.73% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -55.31 (%).Trend:Increase 50.54% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -19.09 (%).Trend:Decrease 65.49% than previous quarter

Overall: increasing (-48.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.1 (%).Trend:Increase 0.65% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.61 (%).Trend:Decrease 15.81% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.45 (%).Trend:Decrease 6.13% than previous quarter

Overall: decreasing (-20.97%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 2 in 2020 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets -57.37 (%).Trend:Increase 30.74% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets -34.84 (%).Trend:Decrease 39.27% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.29 (%).Trend:Decrease 33.15% than previous quarter

Overall: increasing (-59.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 4.36 (USD).Trend:Increase 57.97% than previous quarter
Year 2020 Quarter 1: Earning Per Share 2.46 (USD).Trend:Decrease 43.58% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.0 (USD).Trend:Increase 103.25% than previous quarter

Overall: increasing (14.68%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q2 2021 reveals significant fluctuations in working capital efficiency, with increases in both liabilities and current assets on revenue. Cost efficiency saw a notable improvement in the ratio of retained earnings to revenue, alongside a moderate decrease in SG&A expenses.  Investment efficiency improved, showing a substantial increase in retained earnings on assets, and earnings per share demonstrated a significant overall increase.