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 46.08 (%).Trend:Decrease 38.78% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 101.9 (%).Trend:Increase 121.14% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 52.18 (%).Trend:Decrease 48.79% than previous quarter

Overall: increasing (13.24%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 53.87 (%).Trend:Decrease 35.46% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 156.45 (%).Trend:Increase 190.42% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 81.35 (%).Trend:Decrease 48.0% than previous quarter

Overall: increasing (51.01%). 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 0.45 (%).Trend:Decrease 116.85% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.74 (%).Trend:Increase 1842.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 6.28 (%).Trend:Decrease 28.15% than previous quarter

Overall: increasing (1295.56%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 20.48 (%).Trend:Decrease 8.08% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.77 (%).Trend:Decrease 18.12% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.71 (%).Trend:Decrease 6.32% than previous quarter

Overall: decreasing (-23.29%). 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 0.3 (%).Trend:Decrease 126.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.22 (%).Trend:Increase 640.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.19 (%).Trend:Increase 43.69% than previous quarter

Overall: increasing (963.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.18 (USD).Trend:Decrease 77.22% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.34 (USD).Trend:Decrease 288.89% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.74 (USD).Trend:Increase 117.65% than previous quarter

Overall: increasing (-511.11%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 demonstrates substantial volatility.  Working capital efficiency reveals significant but inconsistent increases and decreases in liabilities and current assets on revenue. Cost efficiency shows a decrease in SG&A expense but massive fluctuations in retained earnings to revenue and substantial volatility in earnings per share.  Investment efficiency, focused on retained earnings on assets, also exhibits large fluctuations. The variability in all metrics suggests underlying factors that require further exploration.