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 33.3 (%).Trend:Decrease 30.74% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 121.17 (%).Trend:Increase 263.87% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.94 (%).Trend:Decrease 61.26% than previous quarter

Overall: increasing (40.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 94.38 (%).Trend:Decrease 30.16% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 291.23 (%).Trend:Increase 208.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 125.4 (%).Trend:Decrease 56.94% than previous quarter

Overall: increasing (32.87%). 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 44.64 (%).Trend:Decrease 26.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 143.45 (%).Trend:Increase 221.35% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 71.45 (%).Trend:Decrease 50.19% than previous quarter

Overall: increasing (60.06%). 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 8.93 (%).Trend:Increase 19.23% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.03 (%).Trend:Increase 12.32% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.43 (%).Trend:Increase 3.99% than previous quarter

Overall: increasing (16.8%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.49 (USD).Trend:Increase 71.72% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.7 (USD).Trend:Decrease 71.89% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.51 (USD).Trend:Increase 115.71% than previous quarter

Overall: decreasing (-39.36%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 indicates a complex financial picture. Working capital (liabilities and current assets on revenue) exhibits significant fluctuations. Cost efficiency, measured by the retained earnings-to-revenue ratio, shows a substantial overall increase, yet high variation across quarters. Investment efficiency displays a consistent upward trend in retained earnings on assets, but with low variation. Earnings per share shows a significant decrease, though with considerable quarterly fluctuations.