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 19.24 (%).Trend:Decrease 32.49% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.88 (%).Trend:Increase 185.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 21.39 (%).Trend:Decrease 61.02% than previous quarter

Overall: increasing (11.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 97.12 (%).Trend:Decrease 33.07% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 258.11 (%).Trend:Increase 165.76% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.84 (%).Trend:Decrease 52.41% than previous quarter

Overall: increasing (26.48%). 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 -11.54 (%).Trend:Decrease 27.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -32.9 (%).Trend:Increase 185.1% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -15.7 (%).Trend:Decrease 52.28% than previous quarter

Overall: decreasing (36.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Increase 0.46% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.47 (%).Trend:Decrease 5.67% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.81 (%).Trend:Increase 2.73% than previous quarter

Overall: decreasing (-3.1%). 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 -7.25 (%).Trend:Increase 7.41% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -7.66 (%).Trend:Increase 5.66% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -7.57 (%).Trend:Decrease 1.17% than previous quarter

Overall: decreasing (4.41%). Fluctuation: **Significant** (high variation).

Earning Per Share


Q3 2020 to Q2 2021 financial statements show significant fluctuation in working capital efficiency.  Liabilities on revenue increased, while current assets on revenue also showed an increase, despite significant volatility. Cost efficiency shows a substantial decrease in the ratio of retained earnings to revenue (36.05%). SG&A expenses experienced a minor decrease overall (-3.1%). Investment efficiency displayed a noticeable decrease in retained earnings on assets (4.41%).