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 31.56 (%).Trend:Decrease 47.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 102.65 (%).Trend:Increase 225.25% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.38 (%).Trend:Decrease 52.87% than previous quarter

Overall: increasing (53.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 40.68 (%).Trend:Decrease 34.83% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 177.34 (%).Trend:Increase 335.94% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 76.17 (%).Trend:Decrease 57.05% than previous quarter

Overall: increasing (87.24%). 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 31.72 (%).Trend:Decrease 31.33% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 132.63 (%).Trend:Increase 318.13% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 58.07 (%).Trend:Decrease 56.22% than previous quarter

Overall: increasing (83.07%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 12.94 (%).Trend:Increase 1.73% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.85 (%).Trend:Decrease 0.7% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.8 (%).Trend:Decrease 8.17% than previous quarter

Overall: decreasing (-8.81%). 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 31.04 (%).Trend:Increase 2.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.41 (%).Trend:Decrease 2.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 31.1 (%).Trend:Increase 2.27% than previous quarter

Overall: increasing (0.19%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 reveals significant fluctuations in working capital, with liabilities and current assets on revenue both increasing overall but exhibiting substantial variability.  Cost efficiency indicates a significant increase in the retained earnings-to-revenue ratio despite substantial changes. SG&A expenses show a modest decrease. Investment efficiency exhibits slight increases and decreases in retained earnings on assets with low fluctuation.