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 29.62 (%).Trend:Decrease 35.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.25 (%).Trend:Increase 218.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.84 (%).Trend:Decrease 48.18% than previous quarter

Overall: increasing (64.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 260.86 (%).Trend:Decrease 36.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 839.54 (%).Trend:Increase 221.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 440.44 (%).Trend:Decrease 47.54% than previous quarter

Overall: increasing (68.84%). 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 116.05 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 312.21 (%).Trend:Increase 169.03% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 148.77 (%).Trend:Decrease 52.35% than previous quarter

Overall: increasing (28.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.91 (%).Trend:Decrease 6.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.59 (%).Trend:Increase 7.33% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.66 (%).Trend:Increase 4.35% than previous quarter

Overall: increasing (12.0%). 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 38.69 (%).Trend:Decrease 6.73% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.08 (%).Trend:Decrease 17.08% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.22 (%).Trend:Decrease 8.92% than previous quarter

Overall: decreasing (-24.48%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.97 (USD).Trend:Increase 15.48% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.45 (USD).Trend:Decrease 53.61% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.88 (USD).Trend:Increase 95.56% than previous quarter

Overall: increasing (-9.28%). Fluctuation: **Significant** (high variation).



The analysis of Q3 2020 to Q2 2021 data reveals significant volatility.  Working capital efficiency (liabilities and current assets on revenue) increased overall, though with substantial quarter-to-quarter changes. Cost efficiency shows a notable increase in the ratio of retained earnings to revenue and a slight rise in SG&A expenses. Investment efficiency shows a decline in retained earnings on assets and a fluctuating earnings per share.