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 106.09 (%).Trend:Decrease 1.66% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 519.85 (%).Trend:Increase 390.01% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 159.34 (%).Trend:Decrease 69.35% than previous quarter

Overall: increasing (50.19%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 167.33 (%).Trend:Increase 24.16% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 660.02 (%).Trend:Increase 294.44% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 175.96 (%).Trend:Decrease 73.34% than previous quarter

Overall: increasing (5.16%). 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 45.44 (%).Trend:Decrease 39.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -152.91 (%).Trend:Decrease 436.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -77.58 (%).Trend:Decrease 49.26% than previous quarter

Overall: decreasing (-270.73%). 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 4.6 (%).Trend:Decrease 36.9% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -3.3 (%).Trend:Decrease 171.74% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -6.09 (%).Trend:Increase 84.55% than previous quarter

Overall: decreasing (-232.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -3.22 (USD).Trend:Increase 64.29% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.75 (USD).Trend:Decrease 45.65% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.94 (USD).Trend:Increase 68.0% than previous quarter

Overall: increasing (-8.7%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 demonstrates substantial volatility. Liabilities on revenue initially decreased, then significantly increased and subsequently decreased again. Current assets on revenue increased overall, but with considerable quarterly fluctuation. Cost efficiency, measured by the retained earnings to revenue ratio, declined considerably with significant quarterly variations. Investment efficiency, as gauged by retained earnings on assets, also declined substantially. Earnings per share fluctuated, with a slightly negative overall trend.  This shows a period of financial instability, and significant operational challenges.