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 41.29 (%).Trend:Increase 6.25% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.66 (%).Trend:Increase 138.94% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 54.99 (%).Trend:Decrease 44.26% than previous quarter

Overall: increasing (33.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 40.5 (%).Trend:Increase 58.57% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 95.04 (%).Trend:Increase 134.67% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 51.8 (%).Trend:Decrease 45.5% than previous quarter

Overall: increasing (27.9%). 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 -13.7 (%).Trend:Decrease 52.66% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -24.81 (%).Trend:Increase 81.09% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -9.88 (%).Trend:Decrease 60.18% than previous quarter

Overall: increasing (-27.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.48 (%).Trend:Decrease 6.86% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.32 (%).Trend:Decrease 17.5% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.25 (%).Trend:Decrease 0.29% than previous quarter

Overall: decreasing (-17.74%). 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 -3.42 (%).Trend:Decrease 69.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -2.41 (%).Trend:Decrease 29.53% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -1.92 (%).Trend:Decrease 20.33% than previous quarter

Overall: increasing (-43.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.08 (USD).Trend:Decrease 34.59% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.75 (USD).Trend:Decrease 63.94% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.53 (USD).Trend:Increase 104.0% than previous quarter

Overall: decreasing (-26.44%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows substantial fluctuation. Liabilities on revenue rose from Q3 2020 to Q2 2021, reaching significant levels but then decreasing. Current assets on revenue followed a similar pattern, initially increasing but then declining. Cost efficiency shows a mixed trend, with the SG&A expense ratio decreasing, while the retained earnings to revenue ratio increased overall. Investment efficiency shows a substantial decline in the retained earnings on assets ratio, while earnings per share decreased significantly.