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 25.25 (%).Trend:Decrease 55.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.31 (%).Trend:Increase 289.35% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 87.52 (%).Trend:Decrease 10.98% than previous quarter

Overall: increasing (246.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 36.96 (%).Trend:Decrease 48.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 129.33 (%).Trend:Increase 249.92% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 47.52 (%).Trend:Decrease 63.26% than previous quarter

Overall: increasing (28.57%). 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 14.83 (%).Trend:Decrease 48.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 15.3 (%).Trend:Increase 3.17% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4.85 (%).Trend:Decrease 68.3% than previous quarter

Overall: decreasing (-67.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.8 (%).Trend:Increase 3.86% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.46 (%).Trend:Increase 53.49% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 26.14 (%).Trend:Decrease 21.88% than previous quarter

Overall: increasing (19.91%). 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 3.53 (%).Trend:Decrease 24.09% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.99 (%).Trend:Decrease 71.95% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.83 (%).Trend:Decrease 16.16% than previous quarter

Overall: decreasing (-76.49%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing financial data from Q3 2020 to Q2 2021 reveals significant fluctuations in key performance indicators (KPIs).  Working capital efficiency showed increases in liabilities and current assets on revenue, though with considerable volatility.  Cost efficiency, measured by the ratio of retained earnings to revenue, decreased substantially.   SG&A expenses experienced a moderate increase followed by a decrease.  Investment efficiency, measured by retained earnings on assets, decreased substantially with significant volatility. This suggests a period of major financial shifts and instability.