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 58.11 (%).Trend:Decrease 17.01% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.19 (%).Trend:Increase 93.06% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 70.05 (%).Trend:Decrease 37.56% than previous quarter

Overall: increasing (20.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 90.11 (%).Trend:Decrease 39.21% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 190.94 (%).Trend:Increase 111.9% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 103.74 (%).Trend:Decrease 45.67% than previous quarter

Overall: increasing (15.13%). 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 8.36 (%).Trend:Decrease 60.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.23 (%).Trend:Increase 225.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 15.54 (%).Trend:Decrease 42.93% than previous quarter

Overall: increasing (85.89%). 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 5.4 (%).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.75 (%).Trend:Increase 43.52% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.47 (%).Trend:Increase 9.29% than previous quarter

Overall: increasing (56.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.24 (USD).Trend:Increase 151.69% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 134.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.83 (USD).Trend:Increase 137.66% than previous quarter

Overall: increasing (-181.7%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 show a complex performance picture. Liabilities on revenue increased (20.55%) with substantial fluctuation. Current assets also increased (15.13%), but again with significant fluctuations. Cost efficiency, measured by the ratio of retained earnings to revenue, saw the highest increase (85.89%) with significant volatility. Investment efficiency, calculated by retained earnings on assets, also showed an increase (56.85%), but with a moderate fluctuation. Earnings per share exhibit high variability.  Overall, significant fluctuations are evident in most key performance indicators.