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 72.32 (%).Trend:Decrease 38.31% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 155.0 (%).Trend:Increase 114.33% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80.16 (%).Trend:Decrease 48.28% than previous quarter

Overall: increasing (10.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 118.23 (%).Trend:Decrease 19.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 257.4 (%).Trend:Increase 117.71% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 120.91 (%).Trend:Decrease 53.03% than previous quarter

Overall: increasing (2.27%). 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 -30.82 (%).Trend:Decrease 46.23% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -49.49 (%).Trend:Increase 60.58% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -17.67 (%).Trend:Decrease 64.3% than previous quarter

Overall: increasing (-42.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.83 (%).Trend:Decrease 3.9% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.0 (%).Trend:Decrease 7.02% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.93 (%).Trend:Decrease 9.73% than previous quarter

Overall: decreasing (-16.06%). 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 -12.41 (%).Trend:Decrease 21.11% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -8.97 (%).Trend:Decrease 27.72% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -6.54 (%).Trend:Decrease 27.09% than previous quarter

Overall: increasing (-47.3%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q3 2020-Q2 2021 reveals significant fluctuations in working capital efficiency metrics. Liabilities and current assets on revenue show small overall increases (10.84% and 2.27%, respectively), but with high variability.  Cost efficiency shows a negative but increasing ratio of retained earnings to revenue (-42.67%), and a decreasing SG&A expense ratio (-16.06%), suggesting inconsistent performance. Retained earnings on assets increased (-47.3%) with significant variation.