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 31.69 (%).Trend:Decrease 18.66% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.35 (%).Trend:Increase 191.42% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 68.44 (%).Trend:Decrease 25.89% than previous quarter

Overall: increasing (115.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 71.97 (%).Trend:Decrease 22.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 189.93 (%).Trend:Increase 163.9% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 141.35 (%).Trend:Decrease 25.58% than previous quarter

Overall: increasing (96.4%). 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 58.81 (%).Trend:Decrease 32.87% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 75.0 (%).Trend:Increase 27.53% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 56.47 (%).Trend:Decrease 24.71% than previous quarter

Overall: decreasing (-3.98%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.25 (%).Trend:Increase 4.58% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.61 (%).Trend:Decrease 42.57% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.87 (%).Trend:Increase 29.7% than previous quarter

Overall: decreasing (-25.51%). Fluctuation: **Significant** (high 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 25.96 (%).Trend:Decrease 7.75% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 16.77 (%).Trend:Decrease 35.4% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 17.89 (%).Trend:Increase 6.68% than previous quarter

Overall: decreasing (-31.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.78 (USD).Trend:Decrease 8.24% than previous quarter
Year 2021 Quarter 1: Earning Per Share -6.59 (USD).Trend:Decrease 944.87% than previous quarter
Year 2021 Quarter 2: Earning Per Share -4.65 (USD).Trend:Decrease 29.44% than previous quarter

Overall: decreasing (-696.15%). Fluctuation: **Significant** (high variation).



Q3 2020 to Q2 2021 financial statements display significant fluctuation. Working capital efficiency, while initially increasing, reveals large changes across quarters. Cost efficiency shows a decrease in the retained earnings-to-revenue ratio, and a large decline in SG&A expenses. Investment efficiency shows a consistent decrease in retained earnings on assets. Earnings per share have experienced a steep decline, particularly in Q1 2021.