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 33.41 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.23 (%).Trend:Increase 235.92% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.83 (%).Trend:Decrease 58.27% than previous quarter

Overall: increasing (40.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 58.79 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 170.42 (%).Trend:Increase 189.88% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 73.66 (%).Trend:Decrease 56.78% than previous quarter

Overall: increasing (25.29%). 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 -10.46 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -19.16 (%).Trend:Increase 83.17% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -4.23 (%).Trend:Decrease 77.92% than previous quarter

Overall: increasing (-59.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.19 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.81 (%).Trend:Decrease 17.35% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.86 (%).Trend:Increase 2.76% than previous quarter

Overall: decreasing (-15.07%). 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 -5.06 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -3.68 (%).Trend:Decrease 27.27% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -1.67 (%).Trend:Decrease 54.62% than previous quarter

Overall: increasing (-67.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2020 to Q2 2021 shows a significant increase in liabilities and current assets on revenue, exhibiting significant volatility. Cost efficiency demonstrates a substantial decrease in the ratio of retained earnings to revenue, and a small decrease in SG&A expenses. Investment efficiency demonstrates considerable decrease in retained earnings on assets, again demonstrating significant fluctuation.