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 35.6 (%).Trend:Decrease 37.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.86 (%).Trend:Increase 177.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.63 (%).Trend:Decrease 51.82% than previous quarter

Overall: increasing (33.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 57.22 (%).Trend:Decrease 36.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 178.51 (%).Trend:Increase 211.97% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 90.74 (%).Trend:Decrease 49.17% than previous quarter

Overall: increasing (58.58%). 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 92.61 (%).Trend:Decrease 33.67% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 287.67 (%).Trend:Increase 210.63% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 140.1 (%).Trend:Decrease 51.3% than previous quarter

Overall: increasing (51.28%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.65 (%).Trend:Decrease 3.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.91 (%).Trend:Increase 4.4% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.38 (%).Trend:Decrease 5.12% than previous quarter

Overall: decreasing (-0.94%). 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 44.65 (%).Trend:Increase 1.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 45.58 (%).Trend:Increase 2.08% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 45.72 (%).Trend:Increase 0.31% than previous quarter

Overall: increasing (2.4%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -5.24 (USD).Trend:Decrease 13.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 112.98% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.76 (USD).Trend:Increase 158.82% than previous quarter

Overall: increasing (-133.59%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show significant volatility in several key metrics.  Working capital efficiency exhibits substantial fluctuations, with liabilities and current assets on revenue showing significant increases and decreases.  Cost efficiency demonstrates fluctuating trends, with the SG&A expense ratio showing a slight overall decrease, while the ratio of retained earnings to revenue shows significant increases and decreases.  Investment efficiency, however, shows a minor overall increase in retained earnings on assets, with little variation.  Earnings per share displays substantial fluctuations, with the transition to positive values.  Further investigation into these significant fluctuations is recommended.