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 14.98 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.59 (%).Trend:Increase 351.2% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 27.76 (%).Trend:Decrease 58.93% than previous quarter

Overall: increasing (85.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 128.24 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1224.98 (%).Trend:Increase 855.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 490.73 (%).Trend:Decrease 59.94% than previous quarter

Overall: increasing (282.67%). 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 -55.7 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -205.37 (%).Trend:Increase 268.71% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -93.86 (%).Trend:Decrease 54.3% than previous quarter

Overall: decreasing (68.51%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.22 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.01 (%).Trend:Increase 15.34% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.87 (%).Trend:Decrease 5.94% than previous quarter

Overall: increasing (8.49%). 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 -34.89 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -15.05 (%).Trend:Decrease 56.86% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -16.49 (%).Trend:Increase 9.57% than previous quarter

Overall: increasing (-52.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.45 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.43 (USD).Trend:Decrease 4.44% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.74 (USD).Trend:Increase 72.09% than previous quarter

Overall: decreasing (64.44%). Fluctuation: **Significant** (high variation).



Working capital efficiency demonstrates significant quarterly variations. Liabilities on revenue increased from 14.98% in Q3 2020 to 67.59% in Q1 2021 before decreasing to 27.76% in Q2 2021. Current assets on revenue similarly increased sharply to 1224.98% in Q1 2021, and then decreased to 490.73% in Q2 2021. Cost efficiency shows a consistent decrease in the ratio of retained earnings to revenue, with substantial fluctuations. The SG&A expense ratio shows a slight increase in Q1 2021, followed by a slight decrease in Q2 2021, and then a slight increase again in Q3 2021. Invest efficiency shows a decrease in retained earning on assets with significant fluctuations throughout. Earning per share also experienced significant decrease from Q3 2020 to Q2 2021.  Overall, a high degree of volatility is evident in financial performance.