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 38.07 (%).Trend:Decrease 21.81% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 93.32 (%).Trend:Increase 145.13% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 55.27 (%).Trend:Decrease 40.77% than previous quarter

Overall: increasing (45.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 65.61 (%).Trend:Decrease 41.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 126.15 (%).Trend:Increase 92.27% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 70.01 (%).Trend:Decrease 44.5% than previous quarter

Overall: increasing (6.71%). 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 -10.37 (%).Trend:Increase 4.12% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -15.79 (%).Trend:Increase 52.27% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 5.96 (%).Trend:Decrease 137.75% than previous quarter

Overall: increasing (-157.47%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.08 (%).Trend:Increase 0.98% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.85 (%).Trend:Decrease 7.47% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.58 (%).Trend:Decrease 9.47% than previous quarter

Overall: decreasing (-16.23%). 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 -5.72 (%).Trend:Increase 63.9% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -3.62 (%).Trend:Decrease 36.71% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.98 (%).Trend:Decrease 182.32% than previous quarter

Overall: increasing (-152.1%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -6.43 (USD).Trend:Increase 13.4% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 105.6% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.25 (USD).Trend:Increase 1080.56% than previous quarter

Overall: increasing (-166.1%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 show mixed financial results with significant volatility. Working capital efficiency increased, though with high fluctuations.  Cost efficiency, as measured by the retained earnings to revenue ratio, decreased significantly. Investment efficiency declined substantially.  Earnings per share experienced large increases, but with extreme fluctuations. SG&A expenses declined slightly but consistently.