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 40.22 (%).Trend:Decrease 31.33% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.53 (%).Trend:Increase 144.98% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 45.24 (%).Trend:Decrease 54.09% than previous quarter

Overall: increasing (12.48%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 116.39 (%).Trend:Decrease 27.58% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 286.32 (%).Trend:Increase 146.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 143.88 (%).Trend:Decrease 49.75% than previous quarter

Overall: increasing (23.62%). 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 210.69 (%).Trend:Decrease 33.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 591.34 (%).Trend:Increase 180.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 289.14 (%).Trend:Decrease 51.1% than previous quarter

Overall: increasing (37.23%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 4.23 (%).Trend:Decrease 3.2% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.71 (%).Trend:Decrease 12.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.56 (%).Trend:Decrease 4.04% than previous quarter

Overall: decreasing (-15.84%). 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 62.31 (%).Trend:Decrease 2.11% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 63.58 (%).Trend:Increase 2.04% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 64.14 (%).Trend:Increase 0.88% than previous quarter

Overall: increasing (2.94%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.53 (USD).Trend:Increase 88.89% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.72 (USD).Trend:Decrease 52.94% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.26 (USD).Trend:Increase 75.0% than previous quarter

Overall: decreasing (-17.65%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals a mixed picture.  Working capital efficiency shows increased liabilities and current assets, with significant variation.  Cost efficiency demonstrates a decrease in SG&A expense ratio with low variation and an increase in the ratio of retained earnings to revenue, but with significant fluctuation. Investment efficiency (retained earnings on assets) demonstrates steady growth with little variation. Earnings per share (EPS) show a decreasing trend with high variation.