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 32.22 (%).Trend:Decrease 16.83% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66.39 (%).Trend:Increase 106.05% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36.9 (%).Trend:Decrease 44.42% than previous quarter

Overall: increasing (14.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 71.07 (%).Trend:Decrease 34.04% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 134.21 (%).Trend:Increase 88.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 76.7 (%).Trend:Decrease 42.85% than previous quarter

Overall: increasing (7.92%). 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 -0.87 (%).Trend:Decrease 89.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 6.78 (%).Trend:Decrease 879.31% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.86 (%).Trend:Decrease 43.07% than previous quarter

Overall: increasing (-543.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.32 (%).Trend:Decrease 10.65% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.82 (%).Trend:Decrease 12.39% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.87 (%).Trend:Increase 9.59% than previous quarter

Overall: decreasing (-3.99%). 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 -0.75 (%).Trend:Decrease 83.66% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.91 (%).Trend:Decrease 488.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.9 (%).Trend:Decrease 0.34% than previous quarter

Overall: increasing (-486.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.44 (USD).Trend:Decrease 169.84% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.12 (USD).Trend:Increase 154.55% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.53 (USD).Trend:Increase 36.61% than previous quarter

Overall: increasing (247.73%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows significant volatility. Working capital efficiency indicates increasing trends in both liabilities and current assets on revenue, but with considerable fluctuations. Cost efficiency demonstrates a volatile increasing trend in the retained earnings to revenue ratio. SG&A expense ratio shows a decreasing trend, with little fluctuation.  Investment efficiency exhibits a volatile increasing trend in retained earnings on assets. Earning per share also shows a volatile increasing trend with considerable fluctuations between quarters.