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 33.06 (%).Trend:Decrease 44.99% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.43 (%).Trend:Increase 131.19% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 38.87 (%).Trend:Decrease 49.14% than previous quarter

Overall: increasing (17.57%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 159.57 (%).Trend:Decrease 40.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 294.3 (%).Trend:Increase 84.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 143.46 (%).Trend:Decrease 51.25% than previous quarter

Overall: decreasing (-10.1%). 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 -252.6 (%).Trend:Decrease 38.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -596.04 (%).Trend:Increase 135.96% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -273.21 (%).Trend:Decrease 54.16% than previous quarter

Overall: decreasing (8.16%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.84 (%).Trend:Decrease 9.27% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.77 (%).Trend:Decrease 11.88% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 23.66 (%).Trend:Increase 3.91% than previous quarter

Overall: decreasing (-8.44%). 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 -39.09 (%).Trend:Increase 5.82% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -45.19 (%).Trend:Increase 15.61% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -45.32 (%).Trend:Increase 0.29% than previous quarter

Overall: decreasing (15.94%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.21 (USD).Trend:Decrease 79.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.32 (USD).Trend:Increase 52.38% than previous quarter

Overall: increasing (-68.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 exhibit significant fluctuations in key financial metrics. Liabilities on revenue increased (17.57%), displaying significant volatility. Current assets on revenue, however, decreased (-10.1%), also exhibiting substantial quarterly variation. Cost efficiency, as measured by the retained earnings to revenue ratio, decreased (8.16%) with notable fluctuations. Selling, general, and administrative (SG&A) expense ratios decreased (-8.44%) showing low variation. Investment efficiency, calculated as retained earnings on assets, decreased (15.94%) with substantial volatility. Earnings per share increased significantly (-68.0%).