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 29.3 (%).Trend:Decrease 31.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.36 (%).Trend:Increase 129.9% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 34.19 (%).Trend:Decrease 49.24% than previous quarter

Overall: increasing (16.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 45.71 (%).Trend:Decrease 26.39% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 122.98 (%).Trend:Increase 169.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 56.14 (%).Trend:Decrease 54.35% than previous quarter

Overall: increasing (22.82%). 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 8.87 (%).Trend:Decrease 10.76% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 36.24 (%).Trend:Increase 308.57% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 21.33 (%).Trend:Decrease 41.14% than previous quarter

Overall: increasing (140.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 42.87 (%).Trend:Decrease 5.3% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 41.86 (%).Trend:Decrease 2.36% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 42.25 (%).Trend:Increase 0.93% than previous quarter

Overall: decreasing (-1.45%). 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 4.67 (%).Trend:Increase 42.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.0 (%).Trend:Increase 71.31% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 9.76 (%).Trend:Increase 22.0% than previous quarter

Overall: increasing (108.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.01 (USD).Trend:Decrease 102.38% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.53 (USD).Trend:Increase 5200.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.99 (USD).Trend:Increase 86.79% than previous quarter

Overall: increasing (9800.0%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2020 to Q2 2021 shows significant volatility.  Working capital efficiency, measured by liabilities and current assets on revenue, demonstrates significant fluctuations.  Cost efficiency reveals a sharp increase in the ratio of retained earnings to revenue, while SG&A expenses ratio displays modest fluctuation. Investment efficiency shows significant increases in retained earnings on assets. Earnings per share increased dramatically from Q3 2020 to Q2 2021, particularly in Q1 2021.