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 53.16 (%).Trend:Decrease 32.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 124.99 (%).Trend:Increase 135.12% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.88 (%).Trend:Decrease 48.09% than previous quarter

Overall: increasing (22.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 53.02 (%).Trend:Decrease 30.45% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.69 (%).Trend:Increase 171.01% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 70.59 (%).Trend:Decrease 50.87% than previous quarter

Overall: increasing (33.14%). 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 57.25 (%).Trend:Decrease 31.67% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 150.1 (%).Trend:Increase 162.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 69.41 (%).Trend:Decrease 53.76% than previous quarter

Overall: increasing (21.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.26 (%).Trend:Decrease 0.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.84 (%).Trend:Decrease 13.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.03 (%).Trend:Increase 1.2% than previous quarter

Overall: decreasing (-12.21%). 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 38.6 (%).Trend:Increase 1.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 40.54 (%).Trend:Increase 5.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 38.24 (%).Trend:Decrease 5.67% than previous quarter

Overall: decreasing (-0.93%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial statements from Q3 2020 to Q2 2021 highlight significant volatility in working capital efficiency. Liabilities on revenue decreased before significantly increasing in Q1 2021, then decreasing again in Q2. A similar pattern is seen with current assets.  Cost efficiency (ratio of retained earnings to revenue) exhibits substantial fluctuations. Selling, general, and administrative (SG&A) expenses show a slight overall decrease, while investment efficiency (retained earnings on assets) demonstrates a slight decrease overall with little fluctuation.