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 119.59 (%).Trend:Decrease 32.31% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 291.1 (%).Trend:Increase 143.42% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 145.63 (%).Trend:Decrease 49.97% than previous quarter

Overall: increasing (21.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 71.87 (%).Trend:Decrease 27.33% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 228.55 (%).Trend:Increase 218.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.52 (%).Trend:Decrease 46.39% than previous quarter

Overall: increasing (70.47%). 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 -94.33 (%).Trend:Decrease 35.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -266.6 (%).Trend:Increase 182.62% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -126.25 (%).Trend:Decrease 52.64% than previous quarter

Overall: decreasing (33.84%). 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 -44.48 (%).Trend:Decrease 2.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -42.59 (%).Trend:Decrease 4.25% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -39.51 (%).Trend:Decrease 7.23% than previous quarter

Overall: increasing (-11.17%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.38 (USD).Trend:Increase 442.86% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 21.05% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.75 (USD).Trend:Increase 150.0% than previous quarter

Overall: increasing (97.37%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2020 to Q2 2021 demonstrates highly volatile performance. Liabilities and current assets on revenue fluctuate significantly, increasing substantially in Q1 2021 but decreasing again in Q2. Cost efficiency, based on the retained earnings-to-revenue ratio, consistently decreases, signaling potential profit concerns. Investment efficiency, as measured by retained earnings on assets, shows a modest increase, while earnings per share saw a substantial rise in Q3 2020, a slight decline in Q1 2021, and a renewed increase in Q2. These fluctuations underscore a dynamic financial climate.