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 58.11 (%).Trend:Decrease 17.01% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.19 (%).Trend:Increase 93.06% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 70.05 (%).Trend:Decrease 37.56% than previous quarter

Overall: increasing (20.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 90.11 (%).Trend:Decrease 39.21% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 190.94 (%).Trend:Increase 111.9% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 103.74 (%).Trend:Decrease 45.67% than previous quarter

Overall: increasing (15.13%). 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 8.36 (%).Trend:Decrease 60.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.23 (%).Trend:Increase 225.72% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 15.54 (%).Trend:Decrease 42.93% than previous quarter

Overall: increasing (85.89%). 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 5.4 (%).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.75 (%).Trend:Increase 43.52% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.47 (%).Trend:Increase 9.29% than previous quarter

Overall: increasing (56.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.24 (USD).Trend:Increase 151.69% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 134.38% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.83 (USD).Trend:Increase 137.66% than previous quarter

Overall: increasing (-181.7%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 display significant fluctuations. Liabilities on revenue increased, while current assets on revenue also showed an increase. The ratio of retained earnings to revenue saw significant fluctuations, increasing in Q1 2021 after a period of decline.  Investment efficiency shows a slightly negative trend. Earnings per share were negative in several quarters, followed by substantial positive increases.