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 46.09 (%).Trend:Increase 24.47% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.92 (%).Trend:Increase 71.23% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.0 (%).Trend:Decrease 49.32% than previous quarter

Overall: decreasing (-13.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 45.48 (%).Trend:Decrease 36.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 171.44 (%).Trend:Increase 276.96% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 88.56 (%).Trend:Decrease 48.34% than previous quarter

Overall: increasing (94.72%). 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 10.0 (%).Trend:Decrease 23.08% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 53.62 (%).Trend:Increase 436.2% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.93 (%).Trend:Decrease 46.05% than previous quarter

Overall: increasing (189.3%). 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 6.32 (%).Trend:Increase 11.46% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 9.94 (%).Trend:Increase 57.28% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.98 (%).Trend:Increase 10.46% than previous quarter

Overall: increasing (73.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 109.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.35 (USD).Trend:Increase 94.44% than previous quarter

Overall: increasing (-117.5%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 display highly volatile trends. Working capital efficiency, specifically liabilities on revenue, decreased slightly, with substantial variation. Current assets on revenue saw a substantial increase, despite significant fluctuations. Cost efficiency, as measured by retained earnings to revenue, shows an overall positive trend but with wild fluctuations. Investment efficiency shows a significant upward trend in retained earnings on assets. Earnings per share increased initially from negative values to a positive value, then dropped. The reports suggest strong growth potential but significant variability needs further analysis.