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 27.44 (%).Trend:Decrease 29.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.57 (%).Trend:Increase 186.33% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 41.06 (%).Trend:Decrease 47.74% than previous quarter

Overall: increasing (49.64%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 91.87 (%).Trend:Decrease 35.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 266.89 (%).Trend:Increase 190.51% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 132.77 (%).Trend:Decrease 50.25% than previous quarter

Overall: increasing (44.52%). 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 -37.25 (%).Trend:Decrease 42.91% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -78.28 (%).Trend:Increase 110.15% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -34.21 (%).Trend:Decrease 56.3% than previous quarter

Overall: increasing (-8.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.57 (%).Trend:Increase 4.61% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.08 (%).Trend:Decrease 2.96% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.14 (%).Trend:Increase 0.37% than previous quarter

Overall: decreasing (-2.6%). 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 -20.2 (%).Trend:Decrease 14.08% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -14.9 (%).Trend:Decrease 26.24% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -12.97 (%).Trend:Decrease 12.95% than previous quarter

Overall: increasing (-35.79%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analyzing Q3 2020 to Q2 2021, the company demonstrates fluctuating performance. Liabilities on Revenue increased by 49.64% with significant variation, mirroring a similar increase in Current Assets on Revenue (44.52%). Cost efficiency shows the Ratio of Retained Earnings to Revenue increasing (-8.16%) with significant fluctuation. SG&A Expense Ratio showed a slight decrease (-2.6%) with little fluctuation. Invest Efficiency indicates Retained Earning on Assets increasing (-35.79%) with significant variation. Overall, the company experienced moderate growth in working capital components and volatile retained earnings, alongside stable SG&A expenses.