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 18.36 (%).Trend:Decrease 32.18% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 64.13 (%).Trend:Increase 249.29% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.25 (%).Trend:Decrease 45.03% than previous quarter

Overall: increasing (91.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32.28 (%).Trend:Decrease 21.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 93.05 (%).Trend:Increase 188.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.19 (%).Trend:Decrease 47.14% than previous quarter

Overall: increasing (52.39%). 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 -138.76 (%).Trend:Decrease 33.2% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -277.06 (%).Trend:Increase 99.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -134.18 (%).Trend:Decrease 51.57% than previous quarter

Overall: increasing (-3.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.86 (%).Trend:Increase 0.73% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.14 (%).Trend:Decrease 32.03% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.96 (%).Trend:Increase 6.75% than previous quarter

Overall: decreasing (-27.44%). 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 -116.47 (%).Trend:Decrease 4.16% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -89.7 (%).Trend:Decrease 22.98% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -85.5 (%).Trend:Decrease 4.68% than previous quarter

Overall: increasing (-26.59%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q3 2020 to Q2 2021 displays significant fluctuations in working capital efficiency. Liabilities on revenue increased sharply in Q1 2021, then decreased in Q2 2021.  Current assets on revenue also exhibited similar volatile behavior. Cost efficiency demonstrates substantial fluctuation in the ratio of retained earnings to revenue, while SG&A expense ratio decreased but then recovered in Q2 2021. Investment efficiency (retained earning on assets) displays a trend of increase with substantial fluctuations.