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 37.3 (%).Trend:Decrease 20.11% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 119.62 (%).Trend:Increase 220.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 54.6 (%).Trend:Decrease 54.36% than previous quarter

Overall: increasing (46.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 238.41 (%).Trend:Decrease 32.64% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 682.2 (%).Trend:Increase 186.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 315.81 (%).Trend:Decrease 53.71% than previous quarter

Overall: increasing (32.47%). 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 -41.04 (%).Trend:Decrease 44.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -32.04 (%).Trend:Decrease 21.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -8.99 (%).Trend:Decrease 71.94% than previous quarter

Overall: increasing (-78.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.76 (%).Trend:Decrease 1.92% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 37.35 (%).Trend:Increase 14.01% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.14 (%).Trend:Decrease 8.59% than previous quarter

Overall: increasing (4.21%). Fluctuation: **Little** (low 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 -14.54 (%).Trend:Decrease 18.63% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -3.69 (%).Trend:Decrease 74.62% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -2.2 (%).Trend:Decrease 40.38% than previous quarter

Overall: increasing (-84.87%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.48 (USD).Trend:Increase 108.45% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.42 (USD).Trend:Decrease 71.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.07 (USD).Trend:Increase 154.76% than previous quarter

Overall: decreasing (-27.7%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2020 - Q2 2021 data, both liabilities on revenue and current assets on revenue showed increases (46.38% and 32.47%, respectively), accompanied by significant fluctuations.  Cost efficiency varied significantly, with the ratio of retained earnings to revenue improving despite volatility, while SG&A expense ratio increased slightly but with less variation. Investment efficiency also showed large swings; retained earnings on assets improved, whereas earnings per share decreased.