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 15.21 (%).Trend:Decrease 8.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46.74 (%).Trend:Increase 207.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 22.44 (%).Trend:Decrease 51.99% than previous quarter

Overall: increasing (47.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 26.86 (%).Trend:Decrease 30.14% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 67.88 (%).Trend:Increase 152.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 35.03 (%).Trend:Decrease 48.39% than previous quarter

Overall: increasing (30.42%). 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 -3.58 (%).Trend:Decrease 10.5% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -9.75 (%).Trend:Increase 172.35% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -6.77 (%).Trend:Decrease 30.56% than previous quarter

Overall: decreasing (89.11%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.0 (%).Trend:Increase 10.13% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.25 (%).Trend:Decrease 15.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.56 (%).Trend:Increase 7.29% than previous quarter

Overall: decreasing (-8.8%). 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 -2.2 (%).Trend:Increase 27.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -2.19 (%).Trend:Decrease 0.45% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -3.07 (%).Trend:Increase 40.18% than previous quarter

Overall: decreasing (39.55%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant fluctuation in liabilities and current assets on revenue. Liabilities on revenue decreased from Q3 2020 to Q2 2021, but increased drastically in Q1 2021 before decreasing again in Q2 2021. Current assets on revenue also showed a similar trend of significant fluctuation. Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue, though the Selling, General & Administrative (SG&A) expense ratio has a little fluctuation. Invest efficiency also displays significant fluctuations in retained earnings on assets.