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 61.39 (%).Trend:Decrease 25.07% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 159.39 (%).Trend:Increase 159.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 69.46 (%).Trend:Decrease 56.42% than previous quarter

Overall: increasing (13.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 27.87 (%).Trend:Decrease 44.81% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 72.61 (%).Trend:Increase 160.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 40.23 (%).Trend:Decrease 44.59% than previous quarter

Overall: increasing (44.35%). 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 -153.1 (%).Trend:Increase 4.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -316.81 (%).Trend:Increase 106.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -122.4 (%).Trend:Decrease 61.36% than previous quarter

Overall: increasing (-20.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.2 (%).Trend:Decrease 5.88% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.13 (%).Trend:Decrease 33.44% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 2.15 (%).Trend:Increase 0.94% than previous quarter

Overall: decreasing (-32.81%). Fluctuation: **Neutral** (moderate 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 -16.34 (%).Trend:Increase 75.51% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -16.88 (%).Trend:Increase 3.3% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -15.56 (%).Trend:Decrease 7.82% than previous quarter

Overall: increasing (-4.77%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -23.91 (USD).Trend:Increase 41.81% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.34 (USD).Trend:Decrease 105.6% than previous quarter
Year 2021 Quarter 2: Earning Per Share 3.08 (USD).Trend:Increase 129.85% than previous quarter

Overall: increasing (-112.88%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 exhibits significant fluctuations. Liabilities on revenue show an increase, then decrease, and then another decrease. Current assets on revenue also show considerable fluctuations with increases and decreases.  Cost efficiency shows a slight overall increase for retained earnings to revenue, despite large fluctuations in each quarter. The SG&A expense ratio shows a decreasing trend with moderate fluctuations.  Investment efficiency demonstrates a slight overall increase in retained earnings on assets, with significant volatility in each quarter. Earnings per share demonstrate large fluctuations, overall showing an increasing trend.