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 69.56 (%).Trend:Increase 33.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 287.8 (%).Trend:Increase 313.74% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 158.11 (%).Trend:Decrease 45.06% than previous quarter

Overall: increasing (127.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 237.36 (%).Trend:Decrease 24.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 757.69 (%).Trend:Increase 219.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 341.0 (%).Trend:Decrease 54.99% than previous quarter

Overall: increasing (43.66%). 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 117.19 (%).Trend:Decrease 37.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 306.96 (%).Trend:Increase 161.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 115.59 (%).Trend:Decrease 62.34% than previous quarter

Overall: decreasing (-1.37%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.57 (%).Trend:Increase 6.54% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.2 (%).Trend:Decrease 7.38% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.16 (%).Trend:Decrease 23.49% than previous quarter

Overall: decreasing (-29.13%). 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 42.39 (%).Trend:Decrease 15.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.99 (%).Trend:Decrease 15.1% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 30.41 (%).Trend:Decrease 15.5% than previous quarter

Overall: decreasing (-28.26%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.27 (USD).Trend:Increase 23.37% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 97.8% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.31 (USD).Trend:Decrease 720.0% than previous quarter

Overall: increasing (-113.66%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show significant volatility across several key metrics. Liabilities and current assets on revenue fluctuate greatly. Cost efficiency demonstrates a consistent decline in the SG&A expense ratio, while the ratio of retained earnings to revenue exhibits notable increases and decreases. Investment efficiency indicates a continuous decline in retained earnings on assets. Earnings per share display substantial fluctuations, shifting from negative to positive values, experiencing sharp declines and increases.