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 32.22 (%).Trend:Decrease 16.83% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66.39 (%).Trend:Increase 106.05% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36.9 (%).Trend:Decrease 44.42% than previous quarter

Overall: increasing (14.53%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 71.07 (%).Trend:Decrease 34.04% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 134.21 (%).Trend:Increase 88.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 76.7 (%).Trend:Decrease 42.85% than previous quarter

Overall: increasing (7.92%). 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 -0.87 (%).Trend:Decrease 89.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 6.78 (%).Trend:Decrease 879.31% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.86 (%).Trend:Decrease 43.07% than previous quarter

Overall: increasing (-543.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.32 (%).Trend:Decrease 10.65% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.82 (%).Trend:Decrease 12.39% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 34.87 (%).Trend:Increase 9.59% than previous quarter

Overall: decreasing (-3.99%). 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 -0.75 (%).Trend:Decrease 83.66% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.91 (%).Trend:Decrease 488.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.9 (%).Trend:Decrease 0.34% than previous quarter

Overall: increasing (-486.67%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.44 (USD).Trend:Decrease 169.84% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.12 (USD).Trend:Increase 154.55% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.53 (USD).Trend:Increase 36.61% than previous quarter

Overall: increasing (247.73%). Fluctuation: **Significant** (high variation).



Q3 2020 to Q2 2021 financial data shows a complex financial picture. Liabilities on revenue initially decreased but increased significantly in Q1 2021, then declined slightly in Q2 2021, exhibiting considerable volatility. Current assets on revenue followed a similar pattern, showing substantial fluctuations over the period. Cost efficiency, as measured by retained earnings to revenue, also showed significant fluctuations, decreasing in each quarter. SG&A expense ratio remained relatively stable, with small variations. Investment efficiency and earnings per share increased during this period, with considerable volatility in each quarter. The data demonstrates considerable volatility and potentially unsustainable growth strategies.