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 10.49 (%).Trend:Decrease 28.59% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 28.45 (%).Trend:Increase 171.21% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 12.42 (%).Trend:Decrease 56.34% than previous quarter

Overall: increasing (18.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 29.04 (%).Trend:Decrease 35.91% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 80.79 (%).Trend:Increase 178.2% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 38.54 (%).Trend:Decrease 52.3% than previous quarter

Overall: increasing (32.71%). 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 -8.58 (%).Trend:Decrease 52.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -10.71 (%).Trend:Increase 24.83% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 0.15 (%).Trend:Decrease 101.4% than previous quarter

Overall: increasing (-101.75%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.96 (%).Trend:Decrease 5.41% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.37 (%).Trend:Decrease 26.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.97 (%).Trend:Decrease 5.43% than previous quarter

Overall: decreasing (-30.02%). 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 -18.72 (%).Trend:Decrease 24.18% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -9.06 (%).Trend:Decrease 51.6% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.28 (%).Trend:Decrease 103.09% than previous quarter

Overall: increasing (-101.5%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 6.49 (USD).Trend:Increase 930.16% than previous quarter
Year 2021 Quarter 1: Earning Per Share 6.53 (USD).Trend:Increase 0.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share 18.44 (USD).Trend:Increase 182.39% than previous quarter

Overall: increasing (184.13%). Fluctuation: **Significant** (high variation).



From Q3 2020 to Q2 2021, the company experienced notable shifts in financial performance. Liabilities on revenue increased by 18.4% with significant fluctuation, mirroring a 32.71% increase in current assets on revenue, also with significant fluctuation. Cost efficiency showed a negative trend in the ratio of retained earnings to revenue (-101.75%) with high variation, while SG&A expenses decreased by 30.02% with moderate variation. Investment efficiency also showed a negative trend in retained earnings on assets (-101.5%) with significant fluctuation. Notably, Earnings Per Share increased substantially (184.13%) with significant fluctuation, suggesting strong earnings growth despite underlying volatility.