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 14.96 (%).Trend:Decrease 46.11% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 58.35 (%).Trend:Increase 290.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 38.29 (%).Trend:Decrease 34.38% than previous quarter

Overall: increasing (155.95%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 55.08 (%).Trend:Decrease 37.79% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 187.21 (%).Trend:Increase 239.89% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 99.03 (%).Trend:Decrease 47.1% than previous quarter

Overall: increasing (79.79%). 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 52.57 (%).Trend:Decrease 33.59% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 127.96 (%).Trend:Increase 143.41% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 59.14 (%).Trend:Decrease 53.78% than previous quarter

Overall: increasing (12.5%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.03 (%).Trend:Decrease 0.71% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.44 (%).Trend:Decrease 11.33% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.57 (%).Trend:Increase 1.05% than previous quarter

Overall: decreasing (-10.41%). 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 54.85 (%).Trend:Increase 8.87% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 44.69 (%).Trend:Decrease 18.52% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 41.22 (%).Trend:Decrease 7.76% than previous quarter

Overall: decreasing (-24.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial data from Q3 2020 to Q2 2021 indicates significant fluctuations. Working capital efficiency metrics (liabilities and current assets on revenue) show considerable increases, but with large variations. Cost efficiency (ratio of retained earnings to revenue) also displays considerable variation, increasing overall. The SG&A expense ratio shows a slight decrease. Investment efficiency (retained earnings on assets) demonstrates a notable decrease.