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 27.75 (%).Trend:Decrease 44.3% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 99.85 (%).Trend:Increase 259.82% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.9 (%).Trend:Decrease 59.04% than previous quarter

Overall: increasing (47.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 62.47 (%).Trend:Decrease 41.79% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 377.75 (%).Trend:Increase 504.69% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 129.81 (%).Trend:Decrease 65.64% than previous quarter

Overall: increasing (107.8%). 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 87.32 (%).Trend:Decrease 37.66% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 408.13 (%).Trend:Increase 367.4% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 149.08 (%).Trend:Decrease 63.47% than previous quarter

Overall: increasing (70.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 54.53 (%).Trend:Decrease 0.09% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 86.29 (%).Trend:Increase 58.24% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 60.65 (%).Trend:Decrease 29.71% than previous quarter

Overall: increasing (11.22%). 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 55.52 (%).Trend:Increase 4.05% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 51.28 (%).Trend:Decrease 7.64% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 55.29 (%).Trend:Increase 7.82% than previous quarter

Overall: decreasing (-0.41%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial data from Q3 2020 to Q2 2021 shows considerable volatility in working capital, cost, and investment efficiency. Liabilities and current assets on revenue fluctuate significantly. The ratio of retained earnings to revenue demonstrates high quarterly variation.  SG&A expense displays moderate change. Investment efficiency shows minimal fluctuation in retained earnings on assets.  Earnings per share data are absent, therefore preventing a complete analysis.