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 21.0 (%).Trend:Decrease 36.77% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.32 (%).Trend:Increase 201.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.25 (%).Trend:Decrease 44.33% than previous quarter

Overall: increasing (67.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 40.46 (%).Trend:Decrease 31.84% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 114.67 (%).Trend:Increase 183.42% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 70.71 (%).Trend:Decrease 38.34% than previous quarter

Overall: increasing (74.77%). 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 22.49 (%).Trend:Decrease 29.43% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 72.33 (%).Trend:Increase 221.61% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 37.94 (%).Trend:Decrease 47.55% than previous quarter

Overall: increasing (68.7%). 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 26.68 (%).Trend:Increase 4.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.08 (%).Trend:Increase 12.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 28.54 (%).Trend:Decrease 5.12% than previous quarter

Overall: increasing (6.97%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.44 (USD).Trend:Increase 48.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 61.89% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.91 (USD).Trend:Increase 105.38% than previous quarter

Overall: decreasing (-21.72%). Fluctuation: **Significant** (high variation).



The financial responses reveal significant volatility across all key performance indicators (KPIs).  Working capital efficiency demonstrates erratic behavior in liabilities and current assets on revenue, fluctuating greatly over the observed period.  Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibits substantial quarter-over-quarter variability.  Investment efficiency, however, remains relatively stable.  Earnings per share show considerable volatility, declining in Q1 2021 before recovering and increasing again in Q2 and Q3 2021.  These findings highlight the need for further investigation into the underlying drivers of these fluctuations.