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 29.62 (%).Trend:Decrease 35.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.25 (%).Trend:Increase 218.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 48.84 (%).Trend:Decrease 48.18% than previous quarter

Overall: increasing (64.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 260.86 (%).Trend:Decrease 36.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 839.54 (%).Trend:Increase 221.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 440.44 (%).Trend:Decrease 47.54% than previous quarter

Overall: increasing (68.84%). 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 116.05 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 312.21 (%).Trend:Increase 169.03% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 148.77 (%).Trend:Decrease 52.35% than previous quarter

Overall: increasing (28.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.91 (%).Trend:Decrease 6.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.59 (%).Trend:Increase 7.33% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.66 (%).Trend:Increase 4.35% than previous quarter

Overall: increasing (12.0%). 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 38.69 (%).Trend:Decrease 6.73% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.08 (%).Trend:Decrease 17.08% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 29.22 (%).Trend:Decrease 8.92% than previous quarter

Overall: decreasing (-24.48%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.97 (USD).Trend:Increase 15.48% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.45 (USD).Trend:Decrease 53.61% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.88 (USD).Trend:Increase 95.56% than previous quarter

Overall: increasing (-9.28%). Fluctuation: **Significant** (high variation).



Key financial indicators show significant volatility from Q3 2020 to Q2 2021.  Both liabilities and current assets on revenue increased substantially overall, despite large quarterly fluctuations.  The ratio of retained earnings to revenue also increased significantly, whereas the SG&A expense ratio demonstrated a small, steady increase.  Conversely, retained earnings on assets decreased moderately, while earnings per share increased, yet displayed significant volatility.