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 53.06 (%).Trend:Decrease 35.25% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 327.2 (%).Trend:Increase 516.66% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 117.46 (%).Trend:Decrease 64.1% than previous quarter

Overall: increasing (121.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 63.16 (%).Trend:Decrease 10.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 620.6 (%).Trend:Increase 882.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 87.31 (%).Trend:Decrease 85.93% than previous quarter

Overall: increasing (38.24%). 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 -82.23 (%).Trend:Decrease 21.83% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -474.42 (%).Trend:Increase 476.94% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -219.92 (%).Trend:Decrease 53.64% than previous quarter

Overall: decreasing (167.44%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.3 (%).Trend:Increase 6.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.9 (%).Trend:Decrease 7.82% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.23 (%).Trend:Decrease 7.07% than previous quarter

Overall: decreasing (-14.33%). Fluctuation: **Little** (low 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 -26.12 (%).Trend:Increase 0.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -29.99 (%).Trend:Increase 14.82% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -39.44 (%).Trend:Increase 31.51% than previous quarter

Overall: decreasing (51.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.32 (USD).Trend:Decrease 900.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.26 (USD).Trend:Decrease 181.25% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.1 (USD).Trend:Decrease 138.46% than previous quarter

Overall: increasing (-68.75%). Fluctuation: **Significant** (high variation).



Q3 2020 to Q2 2021 financial statements show substantial fluctuations across key metrics. Liabilities on revenue exhibit increases, while current assets on revenue also display significant growth, raising concerns about liquidity management. The ratio of retained earnings to revenue demonstrates a consistent decline, posing potential profitability issues.  SG&A expense ratios show a relatively stable, minor decrease. Investment efficiency continues a negative trend, with declining retained earnings on assets. Earnings per share show significant variation, overall increasing, but with high volatility across quarters.