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 1492.03 (%).Trend:Decrease 36.7% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 3680.61 (%).Trend:Increase 146.68% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 2065.53 (%).Trend:Decrease 43.88% than previous quarter

Overall: increasing (38.44%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 1482.9 (%).Trend:Decrease 37.89% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 3671.26 (%).Trend:Increase 147.57% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 2105.33 (%).Trend:Decrease 42.65% than previous quarter

Overall: increasing (41.97%). 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 177.71 (%).Trend:Decrease 30.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 473.36 (%).Trend:Increase 166.37% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 275.32 (%).Trend:Decrease 41.84% than previous quarter

Overall: increasing (54.93%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.2 (%).Trend:Increase 0.92% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.1 (%).Trend:Decrease 4.55% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.43 (%).Trend:Increase 15.71% than previous quarter

Overall: increasing (10.45%). 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 8.34 (%).Trend:Decrease 1.07% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.98 (%).Trend:Increase 7.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 9.36 (%).Trend:Increase 4.23% than previous quarter

Overall: increasing (12.23%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.85 (USD).Trend:Increase 33.18% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.15 (USD).Trend:Decrease 59.65% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.38 (USD).Trend:Increase 193.91% than previous quarter

Overall: increasing (18.6%). Fluctuation: **Significant** (high variation).



The review of Q3 2020-Q2 2021 financial data reveals significant fluctuations in working capital efficiency. Liabilities and current assets on revenue increased overall, but with substantial quarterly variations.  Ratio of retained earnings to revenue also increased significantly (54.93%),  SG&A expense ratio showed a slight increase (10.45%), and retained earnings on assets increased modestly (12.23%). Earnings per share, however, increased overall, but with high volatility.