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 138.32 (%).Trend:Decrease 31.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 347.75 (%).Trend:Increase 151.41% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 171.58 (%).Trend:Decrease 50.66% than previous quarter

Overall: increasing (24.05%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 107.56 (%).Trend:Decrease 24.47% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 282.5 (%).Trend:Increase 162.64% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 140.89 (%).Trend:Decrease 50.13% than previous quarter

Overall: increasing (30.99%). 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 38.5 (%).Trend:Decrease 38.05% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 87.59 (%).Trend:Increase 127.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 43.6 (%).Trend:Decrease 50.22% than previous quarter

Overall: increasing (13.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.29 (%).Trend:Decrease 2.41% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.21 (%).Trend:Increase 10.32% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.6 (%).Trend:Decrease 5.16% than previous quarter

Overall: increasing (4.63%). 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 4.27 (%).Trend:Decrease 5.95% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 3.43 (%).Trend:Decrease 19.67% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 3.55 (%).Trend:Increase 3.5% than previous quarter

Overall: decreasing (-16.86%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.09 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.6 (USD).Trend:Decrease 766.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.05 (USD).Trend:Decrease 91.67% than previous quarter

Overall: decreasing (-155.56%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows significant volatility. Liabilities on revenue fluctuated markedly, increasing then decreasing. Current assets on revenue showed a similar pattern of significant increases and decreases. Cost efficiency increased, yet with a large amount of variation. The SG&A expense ratio also increased but had less fluctuation. Investment efficiency declined slightly while earning per share decreased substantially, a sign of declining profitability. Overall, the period saw considerable volatility across financial metrics.