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 46.09 (%).Trend:Increase 24.47% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.92 (%).Trend:Increase 71.23% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.0 (%).Trend:Decrease 49.32% than previous quarter

Overall: decreasing (-13.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 45.48 (%).Trend:Decrease 36.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 171.44 (%).Trend:Increase 276.96% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 88.56 (%).Trend:Decrease 48.34% than previous quarter

Overall: increasing (94.72%). 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 10.0 (%).Trend:Decrease 23.08% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 53.62 (%).Trend:Increase 436.2% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 28.93 (%).Trend:Decrease 46.05% than previous quarter

Overall: increasing (189.3%). 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 6.32 (%).Trend:Increase 11.46% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 9.94 (%).Trend:Increase 57.28% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 10.98 (%).Trend:Increase 10.46% than previous quarter

Overall: increasing (73.73%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 109.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.35 (USD).Trend:Increase 94.44% than previous quarter

Overall: increasing (-117.5%). Fluctuation: **Significant** (high variation).



Financial data from Q3 2020 to Q2 2021 displays significant volatility.  Liabilities on revenue are decreasing, though with large fluctuations. Current assets on revenue show increases, but with significant variations. Cost efficiency, measured by the ratio of retained earnings to revenue, shows large increases but also large declines.  Investment efficiency and earnings per share show increases and decreases, respectively, with high volatility.  The analysis points to a period of substantial financial instability marked by considerable variation in many key financial metrics.