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 16.28 (%).Trend:Decrease 22.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46.33 (%).Trend:Increase 184.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 25.01 (%).Trend:Decrease 46.02% than previous quarter

Overall: increasing (53.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 52.87 (%).Trend:Decrease 29.4% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 142.36 (%).Trend:Increase 169.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 62.51 (%).Trend:Decrease 56.09% than previous quarter

Overall: increasing (18.23%). 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 9.59 (%).Trend:Decrease 39.3% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.78 (%).Trend:Decrease 8.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.66 (%).Trend:Decrease 58.31% than previous quarter

Overall: decreasing (-61.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.66 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.64 (%).Trend:Decrease 6.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.26 (%).Trend:Decrease 15.29% than previous quarter

Overall: decreasing (-20.87%). Fluctuation: **Neutral** (moderate 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 7.71 (%).Trend:Decrease 12.29% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.56 (%).Trend:Decrease 66.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.54 (%).Trend:Decrease 0.78% than previous quarter

Overall: decreasing (-67.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.39 (USD).Trend:Increase 32.38% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.49 (USD).Trend:Decrease 64.75% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.46 (USD).Trend:Decrease 6.12% than previous quarter

Overall: increasing (-66.91%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show substantial fluctuations in working capital efficiency. Liabilities on revenue increased dramatically, then decreased, displaying high variability. Current assets on revenue also exhibit significant volatility.  Cost efficiency shows a consistent decline in the ratio of retained earnings to revenue and the SG&A expense ratio.  Investment efficiency displays a substantial overall decrease in retained earnings on assets with substantial variation. Earning per share has an overall increasing trend, but is marked by significant fluctuations.