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 13.16 (%).Trend:Decrease 25.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 35.58 (%).Trend:Increase 170.36% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 16.91 (%).Trend:Decrease 52.47% than previous quarter

Overall: increasing (28.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 19.78 (%).Trend:Decrease 33.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 59.05 (%).Trend:Increase 198.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 26.91 (%).Trend:Decrease 54.43% than previous quarter

Overall: increasing (36.05%). 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 4.18 (%).Trend:Decrease 27.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 12.4 (%).Trend:Increase 196.65% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 6.54 (%).Trend:Decrease 47.26% than previous quarter

Overall: increasing (56.46%). 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 10.21 (%).Trend:Increase 12.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.63 (%).Trend:Increase 4.11% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.83 (%).Trend:Increase 11.29% than previous quarter

Overall: increasing (15.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -6.1 (USD).Trend:Decrease 21.49% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 99.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.04 (USD).Trend:Decrease 5300.0% than previous quarter

Overall: increasing (-117.05%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 reveals a mixed picture. Working capital efficiency metrics (liabilities and current assets on revenue) demonstrate volatile upward movements. Cost efficiency (ratio of retained earnings to revenue) exhibits a notable upward trend, but with high volatility. Investment efficiency (retained earnings on assets) shows a steady, positive trend with minimal fluctuations. Earnings per share show marked volatility, with substantial shifts from negative to positive values. Further investigation is required to determine the factors driving these patterns.