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 34.96 (%).Trend:Decrease 31.72% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 102.84 (%).Trend:Increase 194.16% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.25 (%).Trend:Decrease 54.05% than previous quarter

Overall: increasing (35.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 48.64 (%).Trend:Decrease 32.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 141.3 (%).Trend:Increase 190.5% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 68.21 (%).Trend:Decrease 51.73% than previous quarter

Overall: increasing (40.23%). 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 -26.94 (%).Trend:Decrease 33.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -80.33 (%).Trend:Increase 198.18% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -35.78 (%).Trend:Decrease 55.46% than previous quarter

Overall: decreasing (32.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.55 (%).Trend:Decrease 4.78% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.6 (%).Trend:Increase 0.34% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.54 (%).Trend:Decrease 7.26% than previous quarter

Overall: decreasing (-6.94%). 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 -21.06 (%).Trend:Increase 1.84% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -21.67 (%).Trend:Increase 2.9% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -20.57 (%).Trend:Decrease 5.08% than previous quarter

Overall: increasing (-2.33%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2020 to Q2 2021 exhibits significant volatility. Liabilities on revenue increased, though with substantial quarter-to-quarter variations.  Current assets on revenue also increased, but with similarly high fluctuation. Cost efficiency reveals a substantial decrease in the retained earnings to revenue ratio with considerable changes in quarterly trends. Selling, General & Administrative (SG&A) expense ratio shows a downward trend (-6.94%) which may suggest efficiency improvements.  Investment efficiency shows a slight increase in retained earnings on assets (-2.33%), but with significant quarter-to-quarter changes.