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 49.84 (%).Trend:Decrease 52.24% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.96 (%).Trend:Increase 90.53% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.16 (%).Trend:Decrease 48.23% than previous quarter

Overall: decreasing (-1.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 106.96 (%).Trend:Decrease 54.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 195.39 (%).Trend:Increase 82.68% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 96.67 (%).Trend:Decrease 50.52% than previous quarter

Overall: decreasing (-9.62%). 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 -56.04 (%).Trend:Decrease 52.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -95.0 (%).Trend:Increase 69.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -44.78 (%).Trend:Decrease 52.86% than previous quarter

Overall: increasing (-20.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.71 (%).Trend:Decrease 26.42% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.54 (%).Trend:Decrease 24.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.18 (%).Trend:Decrease 1.67% than previous quarter

Overall: decreasing (-26.23%). 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 -18.7 (%).Trend:Increase 3.2% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.2 (%).Trend:Decrease 2.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -17.94 (%).Trend:Decrease 1.43% than previous quarter

Overall: increasing (-4.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -5.73 (USD).Trend:Decrease 25.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 100.52% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.06 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-101.05%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows substantial volatility across all measured categories. Liabilities and current assets on revenue saw a pattern of decreases and increases, indicating an unstable working capital position. Cost efficiency, particularly the ratio of retained earnings to revenue, exhibited a significant negative trend. SG&A expense ratio shows a decrease, hinting at possible cost-cutting measures.  Investment efficiency (retained earnings on assets) remains significantly negative, and earnings per share demonstrate large swings, from substantial decreases to substantial increases.