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 204.67 (%).Trend:Decrease 21.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 609.53 (%).Trend:Increase 197.81% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 296.69 (%).Trend:Decrease 51.32% than previous quarter

Overall: increasing (44.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 250.36 (%).Trend:Decrease 21.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 730.4 (%).Trend:Increase 191.74% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 360.93 (%).Trend:Decrease 50.58% than previous quarter

Overall: increasing (44.16%). 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 -237.85 (%).Trend:Decrease 20.25% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -737.77 (%).Trend:Increase 210.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -337.8 (%).Trend:Decrease 54.21% than previous quarter

Overall: decreasing (42.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.59 (%).Trend:Increase 5.94% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.75 (%).Trend:Decrease 11.09% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.56 (%).Trend:Decrease 8.07% than previous quarter

Overall: decreasing (-18.26%). 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 -78.39 (%).Trend:Increase 2.1% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -84.8 (%).Trend:Increase 8.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -79.62 (%).Trend:Decrease 6.11% than previous quarter

Overall: decreasing (1.57%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 3.21 (USD).Trend:Decrease 19.75% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.17 (USD).Trend:Decrease 105.3% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.66 (USD).Trend:Decrease 488.24% than previous quarter

Overall: decreasing (-79.44%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows significant fluctuations across key metrics. Working capital efficiency, measured by liabilities and current assets on revenue, exhibits substantial increases followed by decreases. Cost efficiency, as reflected in the ratio of retained earnings to revenue and SG&A expense ratio, reveals a downward trend with considerable volatility.  Investment efficiency, tracked by retained earnings on assets, also shows a decreasing trend with significant quarter-to-quarter variation.  Earnings per share are also trending downwards with high volatility.  Overall, the financial performance displays significant fluctuations that warrant further investigation for potential underlying causes.