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 14.16 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 40.84 (%).Trend:Increase 188.42% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 19.83 (%).Trend:Decrease 51.44% than previous quarter

Overall: increasing (40.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 22.72 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 64.88 (%).Trend:Increase 185.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 29.85 (%).Trend:Decrease 53.99% than previous quarter

Overall: increasing (31.38%). 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 4.08 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 9.88 (%).Trend:Increase 142.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 4.79 (%).Trend:Decrease 51.52% than previous quarter

Overall: increasing (17.4%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 16.59 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 15.44 (%).Trend:Decrease 6.93% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.44 (%).Trend:Decrease 6.48% than previous quarter

Overall: decreasing (-12.96%). 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 5.35 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.78 (%).Trend:Decrease 10.65% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 5.11 (%).Trend:Increase 6.9% than previous quarter

Overall: decreasing (-4.49%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.05 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.18 (USD).Trend:Decrease 82.86% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.03 (USD).Trend:Decrease 116.67% than previous quarter

Overall: increasing (-102.86%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show mixed results.  Working capital efficiency (liabilities and current assets on revenue) demonstrates significant fluctuation, increasing then decreasing sharply. Cost efficiency, reflected in the ratio of retained earnings to revenue and SG&A expense ratio, is also volatile, with the SG&A ratio exhibiting a slight downward trend.  Investment efficiency (retained earnings on assets) shows a slightly decreasing trend, while earnings per share present a volatile trend with a downward trend overall.