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 23.38 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.92 (%).Trend:Increase 173.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 26.65 (%).Trend:Decrease 58.31% than previous quarter

Overall: increasing (13.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 23.71 (%).Trend:Decrease 39.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 63.9 (%).Trend:Increase 169.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28.01 (%).Trend:Decrease 56.17% than previous quarter

Overall: increasing (18.14%). 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 9.59 (%).Trend:Decrease 30.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.7 (%).Trend:Increase 188.84% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.35 (%).Trend:Decrease 48.19% than previous quarter

Overall: increasing (49.64%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.05 (%).Trend:Decrease 4.74% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 6.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.94 (%).Trend:Decrease 4.24% than previous quarter

Overall: decreasing (-10.05%). 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 19.08 (%).Trend:Increase 11.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.91 (%).Trend:Increase 9.59% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 24.09 (%).Trend:Increase 15.21% than previous quarter

Overall: increasing (26.26%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 165.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.04 (USD).Trend:Increase 208.4% than previous quarter

Overall: increasing (-302.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 highlight substantial variations in financial performance. Working capital efficiency metrics (liabilities and current assets on revenue) demonstrated significant fluctuations.  Cost efficiency, particularly the ratio of retained earnings to revenue, exhibited notable swings, while SG&A expenses showed a consistent downward trend. Investment efficiency displayed a steady increase, and earnings per share also demonstrated a strong overall upward trend, despite considerable volatility.