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 13.88 (%).Trend:Decrease 33.56% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 31.46 (%).Trend:Increase 126.66% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 17.81 (%).Trend:Decrease 43.39% than previous quarter

Overall: increasing (28.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 115.66 (%).Trend:Decrease 32.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 283.4 (%).Trend:Increase 145.03% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 150.81 (%).Trend:Decrease 46.79% than previous quarter

Overall: increasing (30.39%). 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 130.87 (%).Trend:Decrease 33.27% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 316.61 (%).Trend:Increase 141.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 160.55 (%).Trend:Decrease 49.29% than previous quarter

Overall: increasing (22.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.52 (%).Trend:Decrease 0.16% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.53 (%).Trend:Decrease 21.54% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.92 (%).Trend:Increase 2.68% than previous quarter

Overall: decreasing (-19.44%). 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 60.8 (%).Trend:Increase 0.13% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 61.88 (%).Trend:Increase 1.78% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 61.67 (%).Trend:Decrease 0.34% than previous quarter

Overall: increasing (1.43%). Fluctuation: **Little** (low variation).

Earning Per Share


Q3 2020 to Q2 2021 financial data reveals considerable volatility in working capital and cost efficiency.  Liabilities and current assets on revenue both increased, with substantial quarter-to-quarter changes.  The ratio of retained earnings to revenue also increased, displaying significant quarter-to-quarter variation. The selling, general, and administrative (SG&A) expense ratio decreased overall with moderate variation.  Investment efficiency, as measured by retained earnings on assets, shows a small overall increase with minor variation.