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 23.22 (%).Trend:Decrease 29.14% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 69.33 (%).Trend:Increase 198.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36.68 (%).Trend:Decrease 47.09% than previous quarter

Overall: increasing (57.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 22.83 (%).Trend:Decrease 30.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 69.47 (%).Trend:Increase 204.29% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 36.35 (%).Trend:Decrease 47.68% than previous quarter

Overall: increasing (59.22%). 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 7.0 (%).Trend:Decrease 33.71% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 24.04 (%).Trend:Increase 243.43% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 11.92 (%).Trend:Decrease 50.42% than previous quarter

Overall: increasing (70.29%). 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 19.84 (%).Trend:Decrease 2.17% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.21 (%).Trend:Increase 16.99% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 22.56 (%).Trend:Decrease 2.8% than previous quarter

Overall: increasing (13.71%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.66 (USD).Trend:Decrease 60.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 2.74 (USD).Trend:Decrease 515.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share 6.3 (USD).Trend:Increase 129.93% than previous quarter

Overall: increasing (-1054.55%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals significant fluctuations in key metrics. Liabilities and current assets on revenue increased substantially overall (58% and 59% respectively), but with high variability between quarters. Similarly, the ratio of retained earnings to revenue showed a large overall increase (70%), but also significant quarter-to-quarter volatility. In contrast, retained earnings on assets showed a small overall increase with minimal fluctuation. Earnings per share exhibited a significant increase, but with extreme variability.