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 24.19 (%).Trend:Decrease 0.62% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 72.6 (%).Trend:Increase 200.12% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 51.31 (%).Trend:Decrease 29.33% than previous quarter

Overall: increasing (112.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 418.22 (%).Trend:Decrease 16.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1404.85 (%).Trend:Increase 235.91% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 825.48 (%).Trend:Decrease 41.24% than previous quarter

Overall: increasing (97.38%). 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 158.75 (%).Trend:Decrease 25.63% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 375.65 (%).Trend:Increase 136.63% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 187.37 (%).Trend:Decrease 50.12% than previous quarter

Overall: increasing (18.03%). 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 30.66 (%).Trend:Decrease 8.04% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 24.79 (%).Trend:Decrease 19.15% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 20.78 (%).Trend:Decrease 16.18% than previous quarter

Overall: decreasing (-32.22%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.34 (USD).Trend:Decrease 191.89% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.41 (USD).Trend:Increase 20.59% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.51 (USD).Trend:Increase 268.29% than previous quarter

Overall: decreasing (344.12%). Fluctuation: **Significant** (high variation).



The period from Q3 2020 to Q2 2021 shows significant increases in liabilities on revenue (112.11%) and current assets on revenue (97.38%), although both exhibited high volatility.  Ratio of retained earnings to revenue showed a smaller increase (18.03%) with significant fluctuation.  However, retained earnings on assets decreased by 32.22%, and earnings per share dropped drastically by 344.12%, posing serious concerns.