Working Capital Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 16.64 (%).Trend:Decrease 33.89% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 47.51 (%).Trend:Increase 185.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 23.46 (%).Trend:Decrease 50.62% than previous quarter

Overall: increasing (40.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 17.61 (%).Trend:Decrease 29.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 50.83 (%).Trend:Increase 188.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 25.27 (%).Trend:Decrease 50.29% than previous quarter

Overall: increasing (43.5%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 14.77 (%).Trend:Decrease 32.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.62 (%).Trend:Increase 87.0% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.56 (%).Trend:Decrease 47.28% than previous quarter

Overall: decreasing (-1.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 3 in 2019 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets 16.9 (%).Trend:Increase 2.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 11.03 (%).Trend:Decrease 34.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.58 (%).Trend:Increase 4.99% than previous quarter

Overall: decreasing (-31.48%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share 0.72 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.16 (USD).Trend:Decrease 77.78% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.37 (USD).Trend:Increase 131.25% than previous quarter

Overall: decreasing (-48.61%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2019 to Q2 2021 financial statements reveals significant fluctuations across several key indicators.  Working capital efficiency, measured by liabilities and current assets on revenue, shows an overall increasing trend but substantial volatility. Cost efficiency, as measured by retained earnings to revenue, is slightly decreasing, experiencing considerable variations.  Investment efficiency, tracked by retained earnings on assets, is decreasing. Earning per share also exhibits significant volatility and a decreasing overall trend.