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 21.82 (%).Trend:Decrease 32.99% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 53.6 (%).Trend:Increase 145.65% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.11 (%).Trend:Decrease 45.69% than previous quarter

Overall: increasing (33.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 99.99 (%).Trend:Decrease 31.21% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 277.06 (%).Trend:Increase 177.09% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 146.95 (%).Trend:Decrease 46.96% than previous quarter

Overall: increasing (46.96%). 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 82.81 (%).Trend:Decrease 31.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 230.36 (%).Trend:Increase 178.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 120.02 (%).Trend:Decrease 47.9% than previous quarter

Overall: increasing (44.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.59 (%).Trend:Decrease 2.87% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 13.82 (%).Trend:Decrease 11.35% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.37 (%).Trend:Decrease 3.26% than previous quarter

Overall: decreasing (-14.24%). 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 36.86 (%).Trend:Increase 2.79% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 39.78 (%).Trend:Increase 7.92% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 41.17 (%).Trend:Increase 3.49% than previous quarter

Overall: increasing (11.69%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 4.26 (USD).Trend:Increase 63.85% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.21 (USD).Trend:Decrease 48.12% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.86 (USD).Trend:Increase 119.91% than previous quarter

Overall: increasing (14.08%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show significant volatility across various metrics. Working capital efficiency, measured by liabilities and current assets on revenue, exhibits substantial quarter-to-quarter fluctuation, with increases overall. Cost efficiency, as seen in the SG&A expense ratio, displays a small but sustained downward trend, suggesting effective cost management. Investment efficiency, using retained earnings on assets, shows a gradual upward trend. Earnings per share, however, demonstrate significant variations, with quarter-to-quarter fluctuations.