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 52.17 (%).Trend:Decrease 23.76% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 128.6 (%).Trend:Increase 146.5% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 53.91 (%).Trend:Decrease 58.08% than previous quarter

Overall: increasing (3.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 106.14 (%).Trend:Decrease 33.32% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 151.4 (%).Trend:Increase 42.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 53.98 (%).Trend:Decrease 64.35% than previous quarter

Overall: decreasing (-49.14%). 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 10.71 (%).Trend:Decrease 61.22% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 9.52 (%).Trend:Decrease 11.11% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4.26 (%).Trend:Decrease 55.25% than previous quarter

Overall: decreasing (-60.22%). 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 3.4 (%).Trend:Decrease 39.93% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 1.07 (%).Trend:Decrease 68.53% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 1.21 (%).Trend:Increase 13.08% than previous quarter

Overall: decreasing (-64.41%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -6.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.33 (USD).Trend:Decrease 105.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.7 (USD).Trend:Increase 112.12% than previous quarter

Overall: increasing (-111.67%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2020 to Q2 2021 reveals significant volatility. Liabilities on revenue increased in Q1 2021 then decreased in Q2 and Q3 2021, with substantial fluctuations. Current assets on revenue displayed a decrease across the period, with noteworthy quarterly variations. Cost efficiency, as measured by retained earnings to revenue, shows a consistent decrease with significant fluctuations.  Investment efficiency also shows a consistent downward trend with significant quarterly variations. Earnings per share increased significantly in Q1 2021, then further in Q2 and Q3 2021, showing significant increases overall.