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).



Financial statements from Q3 2020 to Q2 2021 show significant fluctuations in key financial metrics. Liabilities and current assets on revenue show substantial increases and decreases, indicating potential liquidity challenges.  A concerning downward trend is seen in the ratio of retained earnings to revenue, suggesting a problem with profitability. SG&A expense ratios experienced minor declines, potentially reflecting cost-cutting efforts.  Investment efficiency shows declining retained earnings on assets, and earnings per share display substantial volatility.