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 18.0 (%).Trend:Decrease 28.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 44.59 (%).Trend:Increase 147.72% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.1 (%).Trend:Decrease 48.19% than previous quarter

Overall: increasing (28.33%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 34.2 (%).Trend:Decrease 29.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 85.55 (%).Trend:Increase 150.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 50.41 (%).Trend:Decrease 41.08% than previous quarter

Overall: increasing (47.4%). 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 7.01 (%).Trend:Decrease 22.28% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 17.61 (%).Trend:Increase 151.21% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 12.64 (%).Trend:Decrease 28.22% than previous quarter

Overall: increasing (80.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.3 (%).Trend:Decrease 4.38% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.68 (%).Trend:Decrease 3.05% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.69 (%).Trend:Decrease 10.11% than previous quarter

Overall: decreasing (-12.86%). 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 10.52 (%).Trend:Increase 17.67% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.84 (%).Trend:Decrease 25.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.6 (%).Trend:Increase 47.96% than previous quarter

Overall: increasing (10.27%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 1.49 (USD).Trend:Increase 98.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 43.62% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.24 (USD).Trend:Increase 285.71% than previous quarter

Overall: increasing (117.45%). Fluctuation: **Significant** (high variation).



Financial analysis of Q3 2020 to Q2 2021 reveals a complex financial picture. Working capital efficiency reveals fluctuating trends in both liabilities and current assets on revenue, both showing overall increases with significant variability.  Cost efficiency suggests a significant increase in the ratio of retained earnings to revenue (80.31%) but a modest decrease in Selling, General & Administrative (SG&A) Expense Ratio (-12.86%). Investment efficiency sees an overall increase in retained earnings on assets (10.27%), while earnings per share show substantial growth (117.45%). The data indicates significant fluctuation across all metrics, suggesting a dynamic financial environment.