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 66.44 (%).Trend:Decrease 31.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 159.1 (%).Trend:Increase 139.46% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 64.01 (%).Trend:Decrease 59.77% than previous quarter

Overall: decreasing (-3.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 94.5 (%).Trend:Decrease 27.06% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 232.62 (%).Trend:Increase 146.16% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 124.18 (%).Trend:Decrease 46.62% than previous quarter

Overall: increasing (31.41%). 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 -325.31 (%).Trend:Decrease 33.52% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -811.7 (%).Trend:Increase 149.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -367.62 (%).Trend:Decrease 54.71% than previous quarter

Overall: decreasing (13.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.9 (%).Trend:Increase 1.89% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.05 (%).Trend:Decrease 7.14% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.98 (%).Trend:Decrease 16.92% than previous quarter

Overall: decreasing (-22.86%). 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 -223.65 (%).Trend:Decrease 6.98% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -234.51 (%).Trend:Increase 4.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -205.11 (%).Trend:Decrease 12.54% than previous quarter

Overall: increasing (-8.29%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q3 2020 to Q2 2021 show fluctuating working capital efficiency. Liabilities on revenue decreased slightly overall (-3.66%), but with significant fluctuations. Current assets on revenue increased slightly overall (31.41%), also with significant fluctuations. Cost efficiency shows a negative trend in the ratio of retained earnings to revenue (13.01%), exhibiting high variation.  Selling, general, and administrative (SG&A) expenses decreased (-22.86%) with moderate variation. Investment efficiency shows a slight upward trend in retained earnings on assets (-8.29%) but high variation is present.