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 14.25 (%).Trend:Decrease 38.55% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.99 (%).Trend:Increase 320.98% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.1 (%).Trend:Decrease 46.49% than previous quarter

Overall: increasing (125.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 109.52 (%).Trend:Decrease 28.94% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 491.99 (%).Trend:Increase 349.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 231.91 (%).Trend:Decrease 52.86% than previous quarter

Overall: increasing (111.75%). 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 -57.68 (%).Trend:Decrease 25.77% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -241.98 (%).Trend:Increase 319.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -102.67 (%).Trend:Decrease 57.57% than previous quarter

Overall: decreasing (78.0%). 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 -44.86 (%).Trend:Increase 2.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -41.89 (%).Trend:Decrease 6.62% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -38.16 (%).Trend:Decrease 8.9% than previous quarter

Overall: increasing (-14.94%). 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 0.97 (USD).Trend:Decrease 51.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.86 (USD).Trend:Increase 91.75% than previous quarter

Overall: decreasing (-7.0%). Fluctuation: **Significant** (high variation).



The financial statements from Q3 2020 to Q2 2021 reveal a volatile financial picture. Liabilities and current assets on revenue demonstrate significant fluctuations.  Cost efficiency, reflected in the ratio of retained earnings to revenue, is declining sharply.  Investment efficiency's retained earnings on assets reveal slight increases but considerable fluctuations. Earnings per share decreased considerably in Q1 2021 and later recovered.  The analysis shows significant instability and variation across financial indicators.