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 1309.52 (%).Trend:Decrease 19.32% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1666.38 (%).Trend:Increase 27.25% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 736.5 (%).Trend:Decrease 55.8% than previous quarter

Overall: decreasing (-43.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 805.44 (%).Trend:Decrease 71.64% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1013.79 (%).Trend:Increase 25.87% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 485.04 (%).Trend:Decrease 52.16% than previous quarter

Overall: decreasing (-39.78%). 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 -5715.65 (%).Trend:Decrease 14.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -7754.31 (%).Trend:Increase 35.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -3372.26 (%).Trend:Decrease 56.51% than previous quarter

Overall: increasing (-41.0%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 104.76 (%).Trend:Decrease 22.71% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 141.38 (%).Trend:Increase 34.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 121.53 (%).Trend:Decrease 14.04% than previous quarter

Overall: increasing (16.01%). 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 -21.66 (%).Trend:Increase 10.12% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -23.21 (%).Trend:Increase 7.16% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.71 (%).Trend:Increase 2.15% than previous quarter

Overall: decreasing (9.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.38 (USD).Trend:Decrease 7.32% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.13 (USD).Trend:Decrease 65.79% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.91 (USD).Trend:Increase 600.0% than previous quarter

Overall: increasing (139.47%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 indicates significant fluctuations. Working capital efficiency shows a decrease in liabilities on revenue, but a significant decrease in current assets on revenue. Cost efficiency demonstrates a fluctuating trend, decreasing in retained earnings to revenue ratio, although with a slight increase in the overall trend. SG&A expense ratio shows an increase, with neutral variation. Investment efficiency reveals a continual decrease in retained earnings on assets ratio. Earnings per share display extreme volatility, increasing sharply in the final quarter.