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 23.12 (%).Trend:Decrease 21.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.79 (%).Trend:Increase 193.21% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.04 (%).Trend:Decrease 57.16% than previous quarter

Overall: increasing (25.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 97.58 (%).Trend:Decrease 7.81% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 245.21 (%).Trend:Increase 151.29% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.69 (%).Trend:Decrease 66.28% than previous quarter

Overall: decreasing (-15.26%). 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 11.08 (%).Trend:Decrease 47.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 20.35 (%).Trend:Increase 83.66% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 8.24 (%).Trend:Decrease 59.51% than previous quarter

Overall: decreasing (-25.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.32 (%).Trend:Decrease 3.59% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.66 (%).Trend:Decrease 5.62% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.95 (%).Trend:Decrease 3.83% than previous quarter

Overall: decreasing (-9.23%). 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 3.3 (%).Trend:Decrease 26.83% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.23 (%).Trend:Decrease 32.42% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.1 (%).Trend:Decrease 5.83% than previous quarter

Overall: decreasing (-36.36%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Analyzing Q3 2020 to Q2 2021, liabilities on revenue increased significantly in Q1 2021, followed by decreases in subsequent quarters.  However, current assets on revenue decreased overall. Cost efficiency indicates a decrease in retained earnings ratio with substantial quarterly variations.  Selling, General & Administrative (SG&A) expense ratio shows a steady decrease across the period.  Investment efficiency demonstrates a significant decrease in retained earnings on assets, with consistent negative trends.