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 9.95 (%).Trend:Decrease 16.6% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 26.02 (%).Trend:Increase 161.51% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 13.95 (%).Trend:Decrease 46.39% than previous quarter

Overall: increasing (40.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 17.71 (%).Trend:Decrease 19.1% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 45.69 (%).Trend:Increase 157.99% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 21.92 (%).Trend:Decrease 52.02% than previous quarter

Overall: increasing (23.77%). 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 -3.94 (%).Trend:Decrease 60.2% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -5.88 (%).Trend:Increase 49.24% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 0.17 (%).Trend:Decrease 102.89% than previous quarter

Overall: increasing (-104.31%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -20.19 (%).Trend:Decrease 49.45% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -11.53 (%).Trend:Decrease 42.89% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.69 (%).Trend:Decrease 105.98% than previous quarter

Overall: increasing (-103.42%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.35 (USD).Trend:Increase 169.23% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 91.43% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.29 (USD).Trend:Increase 866.67% than previous quarter

Overall: decreasing (-17.14%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 exhibits significant fluctuations. Working capital efficiency metrics, liabilities on revenue and current assets on revenue, show significant increases and decreases. Cost efficiency, as measured by the retained earnings-to-revenue ratio, is volatile, mostly negative throughout. Investment efficiency, judged by retained earnings on assets, is in a consistent downward trend.  Earnings per share also show volatility, increasing in Q3 2020 and experiencing substantial changes in Q1 and Q2 2021.