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 22.9 (%).Trend:Decrease 30.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46.42 (%).Trend:Increase 102.71% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 18.34 (%).Trend:Decrease 60.49% than previous quarter

Overall: decreasing (-19.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 39.61 (%).Trend:Decrease 14.04% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.3 (%).Trend:Increase 261.78% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 83.11 (%).Trend:Decrease 42.0% than previous quarter

Overall: increasing (109.82%). 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 -55.15 (%).Trend:Decrease 51.3% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -59.85 (%).Trend:Increase 8.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -6.45 (%).Trend:Decrease 89.22% than previous quarter

Overall: increasing (-88.3%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 7.4 (%).Trend:Decrease 6.8% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.73 (%).Trend:Decrease 36.08% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4.52 (%).Trend:Decrease 4.44% than previous quarter

Overall: decreasing (-38.92%). 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 -16.88 (%).Trend:Decrease 15.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -8.27 (%).Trend:Decrease 51.01% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -1.93 (%).Trend:Decrease 76.66% than previous quarter

Overall: increasing (-88.57%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.99 (USD).Trend:Decrease 571.43% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.95 (USD).Trend:Increase 96.97% than previous quarter
Year 2021 Quarter 2: Earning Per Share 4.74 (USD).Trend:Increase 143.08% than previous quarter

Overall: increasing (378.79%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 indicates significant fluctuations in key financial metrics. Liabilities on revenue decreased (-19.91%) but with significant variation. Current assets on revenue increased (109.82%) but with significant volatility.  Cost efficiency (ratio of retained earnings to revenue) shows an increase (-88.3%) with substantial fluctuation. The SG&A expense ratio decreased (-38.92%). Invest efficiency (retained earnings on assets) shows an increase (-88.57%) with volatility. Earnings per share saw a substantial increase (378.79%).