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 96.91 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 212.77 (%).Trend:Increase 119.55% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 124.01 (%).Trend:Decrease 41.72% than previous quarter

Overall: increasing (27.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 475.05 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 951.62 (%).Trend:Increase 100.32% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 454.45 (%).Trend:Decrease 52.24% than previous quarter

Overall: decreasing (-4.34%). 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 -593.54 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1443.68 (%).Trend:Increase 143.23% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -776.19 (%).Trend:Decrease 46.24% than previous quarter

Overall: decreasing (30.77%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 64.8 (%).Trend:Decrease 100.0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.8 (%).Trend:Decrease 20.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.4 (%).Trend:Increase 6.95% than previous quarter

Overall: decreasing (-14.51%). 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 -71.27 (%).Trend:Decrease 29.12% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -80.62 (%).Trend:Increase 13.12% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -88.46 (%).Trend:Increase 9.72% than previous quarter

Overall: decreasing (24.12%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2020 to Q2 2021 data reveals significant fluctuations in working capital efficiency. Liabilities on revenue increased 28%, while current assets decreased 4%. Cost efficiency metrics show a 31% decrease in the ratio of retained earnings to revenue, and a 24% decrease in retained earnings on assets.  SG&A expense ratio decreased by 15% with moderate variation.