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 119.59 (%).Trend:Decrease 32.31% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 291.1 (%).Trend:Increase 143.42% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 145.63 (%).Trend:Decrease 49.97% than previous quarter

Overall: increasing (21.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 71.87 (%).Trend:Decrease 27.33% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 228.55 (%).Trend:Increase 218.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.52 (%).Trend:Decrease 46.39% than previous quarter

Overall: increasing (70.47%). 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 -94.33 (%).Trend:Decrease 35.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -266.6 (%).Trend:Increase 182.62% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -126.25 (%).Trend:Decrease 52.64% than previous quarter

Overall: decreasing (33.84%). 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 -44.48 (%).Trend:Decrease 2.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -42.59 (%).Trend:Decrease 4.25% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -39.51 (%).Trend:Decrease 7.23% than previous quarter

Overall: increasing (-11.17%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.38 (USD).Trend:Increase 442.86% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 21.05% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 150.0% than previous quarter

Overall: increasing (97.37%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals significant volatility. Liabilities on revenue initially decreased before increasing dramatically in Q1 2021, then decreasing again.  Current assets on revenue also followed a pattern of decrease, significant increase, and then decrease again.  Cost efficiency, measured by the retained earnings-to-revenue ratio, shows a steady decline, reflecting potentially diminishing profitability.  Investment efficiency, measured by retained earnings on assets, exhibits a slight upward trend.  Earnings per share increased dramatically in Q3 2020, then decreased slightly in Q1 2021, before increasing again in Q2 2021. This data signifies a dynamic environment with substantial variations in key financial metrics.