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 49.84 (%).Trend:Decrease 52.24% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.96 (%).Trend:Increase 90.53% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 49.16 (%).Trend:Decrease 48.23% than previous quarter

Overall: decreasing (-1.36%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 106.96 (%).Trend:Decrease 54.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 195.39 (%).Trend:Increase 82.68% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 96.67 (%).Trend:Decrease 50.52% than previous quarter

Overall: decreasing (-9.62%). 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 -56.04 (%).Trend:Decrease 52.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -95.0 (%).Trend:Increase 69.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -44.78 (%).Trend:Decrease 52.86% than previous quarter

Overall: increasing (-20.09%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.71 (%).Trend:Decrease 26.42% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 21.54 (%).Trend:Decrease 24.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 21.18 (%).Trend:Decrease 1.67% than previous quarter

Overall: decreasing (-26.23%). Fluctuation: **Neutral** (moderate 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 -18.7 (%).Trend:Increase 3.2% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.2 (%).Trend:Decrease 2.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -17.94 (%).Trend:Decrease 1.43% than previous quarter

Overall: increasing (-4.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -5.73 (USD).Trend:Decrease 25.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 100.52% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.06 (USD).Trend:Increase 100.0% than previous quarter

Overall: increasing (-101.05%). Fluctuation: **Significant** (high variation).



From Q3 2020 to Q2 2021, financial performance trends fluctuate considerably. Liabilities on revenue decreased then increased, followed by another decrease, with a slight overall decrease.  Current assets on revenue trended downward.  Cost efficiency is also showing a mixed trend with retained earnings to revenue initially decreasing but slightly increasing over the period.  SG&A expense ratio decreased, indicating improved cost management.  Investment efficiency (retained earnings on assets) remains in negative values and experiences significant variance. Earning per share initially decreased significantly before experiencing substantial increase.