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 19.24 (%).Trend:Decrease 32.49% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.88 (%).Trend:Increase 185.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 21.39 (%).Trend:Decrease 61.02% than previous quarter

Overall: increasing (11.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 97.12 (%).Trend:Decrease 33.07% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 258.11 (%).Trend:Increase 165.76% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.84 (%).Trend:Decrease 52.41% than previous quarter

Overall: increasing (26.48%). 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 -11.54 (%).Trend:Decrease 27.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -32.9 (%).Trend:Increase 185.1% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -15.7 (%).Trend:Decrease 52.28% than previous quarter

Overall: decreasing (36.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Increase 0.46% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.47 (%).Trend:Decrease 5.67% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.81 (%).Trend:Increase 2.73% than previous quarter

Overall: decreasing (-3.1%). 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 -7.25 (%).Trend:Increase 7.41% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -7.66 (%).Trend:Increase 5.66% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -7.57 (%).Trend:Decrease 1.17% than previous quarter

Overall: decreasing (4.41%). Fluctuation: **Significant** (high variation).

Earning Per Share


Q3 2020 to Q2 2021 financial statements show substantial variation in working capital efficiency. Liabilities on revenue increased (11.17%), while current assets on revenue also increased (26.48%). Cost efficiency reveals a substantial decrease in the ratio of retained earnings to revenue (36.05%).  SG&A expenses experienced a slight overall decrease (-3.1%). Investment efficiency also shows a significant decrease in retained earnings on assets (4.41%).