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 26.97 (%).Trend:Decrease 40.54% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.19 (%).Trend:Increase 119.47% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.98 (%).Trend:Decrease 57.8% than previous quarter

Overall: decreasing (-7.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 29.41 (%).Trend:Decrease 34.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 79.27 (%).Trend:Increase 169.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.55 (%).Trend:Decrease 37.49% than previous quarter

Overall: increasing (68.48%). 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 -59.43 (%).Trend:Decrease 40.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -124.79 (%).Trend:Increase 109.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.85 (%).Trend:Decrease 70.47% than previous quarter

Overall: increasing (-37.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.08 (%).Trend:Decrease 4.34% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.36 (%).Trend:Decrease 17.43% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.08 (%).Trend:Decrease 10.2% than previous quarter

Overall: decreasing (-25.85%). 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 -18.04 (%).Trend:Increase 3.38% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.52 (%).Trend:Increase 2.66% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -11.78 (%).Trend:Decrease 36.39% than previous quarter

Overall: increasing (-34.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 109.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 952.63% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals significant fluctuations. Working capital efficiency shows decreasing liabilities on revenue, yet increasing current assets on revenue, with high volatility.  Cost efficiency demonstrates a significant decline in the ratio of retained earnings to revenue, with high fluctuation.  The SG&A expense ratio shows a consistent decrease with moderate fluctuation.  Investment efficiency exhibits significant fluctuation in retained earnings on assets. Earnings per share experienced significant fluctuations, with a large increase in Q2 2021.