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 13.16 (%).Trend:Decrease 25.9% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 35.58 (%).Trend:Increase 170.36% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 16.91 (%).Trend:Decrease 52.47% than previous quarter

Overall: increasing (28.5%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 19.78 (%).Trend:Decrease 33.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 59.05 (%).Trend:Increase 198.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 26.91 (%).Trend:Decrease 54.43% than previous quarter

Overall: increasing (36.05%). 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 4.18 (%).Trend:Decrease 27.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 12.4 (%).Trend:Increase 196.65% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 6.54 (%).Trend:Decrease 47.26% than previous quarter

Overall: increasing (56.46%). 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 10.21 (%).Trend:Increase 12.32% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 10.63 (%).Trend:Increase 4.11% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 11.83 (%).Trend:Increase 11.29% than previous quarter

Overall: increasing (15.87%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -6.1 (USD).Trend:Decrease 21.49% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.02 (USD).Trend:Decrease 99.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.04 (USD).Trend:Decrease 5300.0% than previous quarter

Overall: increasing (-117.05%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals substantial volatility across several key financial metrics. Working capital efficiency metrics (liabilities and current assets on revenue) demonstrate fluctuating increases. Cost efficiency, as measured by the ratio of retained earnings to revenue, also exhibits substantial variability and a general upward trend. Investment efficiency, however, displays a stable upward trajectory. Earnings per share, on the other hand, show a volatile trend with shifts between negative and positive values. Further investigation is crucial to understand the underlying dynamics of these changes.