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 37.95 (%).Trend:Decrease 32.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 129.33 (%).Trend:Increase 240.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 63.14 (%).Trend:Decrease 51.18% than previous quarter

Overall: increasing (66.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 52.8 (%).Trend:Decrease 31.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 162.26 (%).Trend:Increase 207.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 79.36 (%).Trend:Decrease 51.09% than previous quarter

Overall: increasing (50.3%). 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 -40.16 (%).Trend:Decrease 8.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -151.49 (%).Trend:Increase 277.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -65.68 (%).Trend:Decrease 56.64% than previous quarter

Overall: decreasing (63.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.45 (%).Trend:Increase 0.5% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.36 (%).Trend:Decrease 0.28% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.99 (%).Trend:Decrease 4.23% than previous quarter

Overall: decreasing (-4.5%). 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 -19.72 (%).Trend:Increase 51.93% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -22.27 (%).Trend:Increase 12.93% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -19.72 (%).Trend:Decrease 11.45% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 shows substantial volatility. Liabilities and current assets on revenue display significant increases (66.38% and 50.3%, respectively) with high variation.  Cost efficiency shows a significant decrease in retained earnings to revenue (63.55%) with significant fluctuation.  Invest efficiency is relatively stable (-0.0%) with significant volatility.  SG&A expense ratio shows a slight decrease (-4.5%) with moderate variation.