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 29.75 (%).Trend:Decrease 45.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 90.6 (%).Trend:Increase 204.54% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.53 (%).Trend:Decrease 48.64% than previous quarter

Overall: increasing (56.4%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 123.08 (%).Trend:Decrease 34.81% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 217.08 (%).Trend:Increase 76.37% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 108.44 (%).Trend:Decrease 50.05% than previous quarter

Overall: decreasing (-11.89%). 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 -331.96 (%).Trend:Decrease 37.53% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -366.98 (%).Trend:Increase 10.55% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -164.53 (%).Trend:Decrease 55.17% than previous quarter

Overall: increasing (-50.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.94 (%).Trend:Decrease 10.94% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 9.3 (%).Trend:Decrease 53.36% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 8.24 (%).Trend:Decrease 11.4% than previous quarter

Overall: decreasing (-58.68%). Fluctuation: **Significant** (high 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 -95.45 (%).Trend:Decrease 2.08% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -72.64 (%).Trend:Decrease 23.9% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -69.21 (%).Trend:Decrease 4.72% than previous quarter

Overall: increasing (-27.49%). Fluctuation: **Significant** (high variation).

Earning Per Share


The analysis from Q3 2020 to Q2 2021 indicates substantial fluctuations across key metrics. Liabilities on revenue increased overall, while current assets decreased. The ratio of retained earnings to revenue increased, but negatively. SG&A expenses decreased significantly.  Retained earnings on assets showed an overall increase despite volatility.