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 29.46 (%).Trend:Decrease 17.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.03 (%).Trend:Increase 212.39% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.01 (%).Trend:Decrease 48.92% than previous quarter

Overall: increasing (59.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 66.29 (%).Trend:Decrease 31.49% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 221.23 (%).Trend:Increase 233.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 95.98 (%).Trend:Decrease 56.62% than previous quarter

Overall: increasing (44.79%). 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 12.76 (%).Trend:Decrease 37.63% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 29.4 (%).Trend:Increase 130.41% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 15.59 (%).Trend:Decrease 46.97% than previous quarter

Overall: increasing (22.18%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.1 (%).Trend:Decrease 7.28% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.82 (%).Trend:Decrease 11.94% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 18.41 (%).Trend:Increase 9.45% than previous quarter

Overall: decreasing (-3.61%). 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 8.63 (%).Trend:Decrease 4.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.32 (%).Trend:Decrease 15.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 7.93 (%).Trend:Increase 8.33% than previous quarter

Overall: decreasing (-8.11%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.48 (USD).Trend:Increase 7.83% than previous quarter
Year 2021 Quarter 1: Earning Per Share -3.27 (USD).Trend:Increase 31.85% than previous quarter
Year 2021 Quarter 2: Earning Per Share -3.44 (USD).Trend:Increase 5.2% than previous quarter

Overall: decreasing (38.71%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2020 to Q2 2021 show substantial fluctuations. Liabilities on revenue increased significantly in Q1 2021 before decreasing.  Current assets on revenue also demonstrated a sharp increase, then a substantial decrease in Q2 2021.  Cost efficiency, as measured by the retained earnings to revenue ratio, also displayed considerable volatility. SG&A expense ratio shows slight decline with less volatility. Investment efficiency shows minimal change.  Earnings per share show considerable variation, declining overall. The analysis points to significant short-term performance variability.