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 26.97 (%).Trend:Decrease 40.54% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.19 (%).Trend:Increase 119.47% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 24.98 (%).Trend:Decrease 57.8% than previous quarter

Overall: decreasing (-7.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 29.41 (%).Trend:Decrease 34.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 79.27 (%).Trend:Increase 169.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.55 (%).Trend:Decrease 37.49% than previous quarter

Overall: increasing (68.48%). 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 -59.43 (%).Trend:Decrease 40.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -124.79 (%).Trend:Increase 109.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.85 (%).Trend:Decrease 70.47% than previous quarter

Overall: increasing (-37.99%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.08 (%).Trend:Decrease 4.34% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.36 (%).Trend:Decrease 17.43% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 20.08 (%).Trend:Decrease 10.2% than previous quarter

Overall: decreasing (-25.85%). 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 -18.04 (%).Trend:Increase 3.38% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.52 (%).Trend:Increase 2.66% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -11.78 (%).Trend:Decrease 36.39% than previous quarter

Overall: increasing (-34.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 109.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.0 (USD).Trend:Increase 952.63% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue decreased by 7.38% overall, but with large quarterly changes (from -40.54% to +119.47% and -57.8%). Current assets on revenue increased by 68.48%, but again, with significant fluctuations (from -34.56% to +169.53% and -37.49%). Cost efficiency also displays high variation, with the ratio of retained earnings to revenue increasing by -37.99% overall.  Selling, general, and administrative (SG&A) expense ratio shows a neutral fluctuation, decreasing by 25.85% overall. Investment efficiency demonstrates high variation, with retained earnings on assets increasing by -34.7% overall. Earnings per share shows the highest variation, increasing by -200.0% overall. These results indicate significant volatility in the company's financial performance, calling for further investigation into the causes of these fluctuations.