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 21.05 (%).Trend:Decrease 31.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 62.02 (%).Trend:Increase 194.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 36.02 (%).Trend:Decrease 41.92% than previous quarter

Overall: increasing (71.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 62.67 (%).Trend:Decrease 33.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 201.81 (%).Trend:Increase 222.02% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 93.47 (%).Trend:Decrease 53.68% than previous quarter

Overall: increasing (49.15%). 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 31.06 (%).Trend:Decrease 24.48% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 73.89 (%).Trend:Increase 137.89% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 42.3 (%).Trend:Decrease 42.75% than previous quarter

Overall: increasing (36.19%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8.72 (%).Trend:Decrease 8.6% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.73 (%).Trend:Decrease 34.29% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 6.81 (%).Trend:Increase 18.85% than previous quarter

Overall: decreasing (-21.9%). 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 25.53 (%).Trend:Increase 12.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 23.2 (%).Trend:Decrease 9.13% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 21.22 (%).Trend:Decrease 8.53% than previous quarter

Overall: decreasing (-16.88%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.53 (USD).Trend:Decrease 64.34% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.86 (USD).Trend:Decrease 221.57% than previous quarter
Year 2021 Quarter 2: Earning Per Share 5.77 (USD).Trend:Increase 210.22% than previous quarter

Overall: increasing (-477.12%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal a mixed performance.  Working capital efficiency shows significant fluctuations in liabilities and current assets on revenue.  Cost efficiency, in terms of retained earnings to revenue and SG&A expense, is a mixed bag, with decreases in SG&A and some fluctuation in the retained earnings ratio.  Investment efficiency sees a consistent decrease in retained earnings on assets.  Earnings per share demonstrate substantial volatility, increasing from a negative value in Q3 2020 to a positive value in Q2 2021. Overall, the results suggest periods of both improvement and decline, with the need for detailed investigation to understand the root causes.