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 53.07 (%).Trend:Decrease 32.75% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 165.07 (%).Trend:Increase 211.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 71.49 (%).Trend:Decrease 56.69% than previous quarter

Overall: increasing (34.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 76.45 (%).Trend:Decrease 32.85% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 235.91 (%).Trend:Increase 208.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 112.7 (%).Trend:Decrease 52.23% than previous quarter

Overall: increasing (47.42%). 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 14.44 (%).Trend:Decrease 37.7% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 29.65 (%).Trend:Increase 105.33% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 14.9 (%).Trend:Decrease 49.75% than previous quarter

Overall: increasing (3.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.59 (%).Trend:Decrease 6.98% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 60.41 (%).Trend:Increase 32.51% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.16 (%).Trend:Decrease 8.69% than previous quarter

Overall: increasing (20.99%). 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 5.14 (%).Trend:Decrease 4.46% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 3.84 (%).Trend:Decrease 25.29% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 4.05 (%).Trend:Increase 5.47% than previous quarter

Overall: decreasing (-21.21%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.53 (USD).Trend:Increase 55.88% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 88.68% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.34 (USD).Trend:Increase 466.67% than previous quarter

Overall: decreasing (-35.85%). Fluctuation: **Significant** (high variation).



Financial statements from 2020 Q3 to 2021 Q2 show mixed results. Working capital efficiency shows an overall increase, although with significant variation. Cost efficiency exhibits a slight overall increase, yet with high volatility.  Invest efficiency displays a moderate decrease, but with minimal variation. Earnings per share reveal substantial declines, along with periods of growth. SG&A expense ratio shows a modest overall increase, with some fluctuation.