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 20.18 (%).Trend:Decrease 21.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 68.94 (%).Trend:Increase 241.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.11 (%).Trend:Decrease 53.42% than previous quarter

Overall: increasing (59.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 31.33 (%).Trend:Decrease 29.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 96.36 (%).Trend:Increase 207.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 48.04 (%).Trend:Decrease 50.15% than previous quarter

Overall: increasing (53.34%). 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 -352.94 (%).Trend:Decrease 30.32% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1238.28 (%).Trend:Increase 250.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -622.32 (%).Trend:Decrease 49.74% than previous quarter

Overall: decreasing (76.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.55 (%).Trend:Decrease 8.55% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.84 (%).Trend:Increase 11.17% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.08 (%).Trend:Increase 1.87% than previous quarter

Overall: increasing (13.25%). 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 -83.21 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -88.89 (%).Trend:Increase 6.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -90.28 (%).Trend:Increase 1.56% than previous quarter

Overall: decreasing (8.5%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 reveals high volatility. Liabilities and current assets on revenue display significant increases and decreases, indicating unstable working capital management. Cost efficiency, measured by the ratio of retained earnings to revenue, reveals a substantial downward trend.  The Selling, General & Administrative (SG&A) Expense Ratio shows a slight increase with low variation.  Retained Earnings on Assets shows a consistent downward trend.  The overall financial health appears unstable with large fluctuations across all categories.