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 28.13 (%).Trend:Decrease 36.37% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 83.27 (%).Trend:Increase 196.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 41.65 (%).Trend:Decrease 49.98% than previous quarter

Overall: increasing (48.06%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 16.67 (%).Trend:Decrease 45.18% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 29.9 (%).Trend:Increase 79.36% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 14.6 (%).Trend:Decrease 51.17% than previous quarter

Overall: decreasing (-12.42%). 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 -140.03 (%).Trend:Decrease 30.5% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -427.79 (%).Trend:Increase 205.5% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -192.43 (%).Trend:Decrease 55.02% than previous quarter

Overall: decreasing (37.42%). 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 -98.78 (%).Trend:Increase 11.62% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -123.68 (%).Trend:Increase 25.21% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -127.42 (%).Trend:Increase 3.02% than previous quarter

Overall: decreasing (28.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.06 (USD).Trend:Increase 37.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 72.82% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.68 (USD).Trend:Increase 21.43% than previous quarter

Overall: increasing (-66.99%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 reveal significant fluctuations in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2021 before declining in Q2 2021, while current assets on revenue decreased overall.  Cost efficiency also shows substantial volatility; the ratio of retained earnings to revenue declined throughout the period.  Investment efficiency demonstrates a negative trend with fluctuating retained earnings on assets.  Earnings per share saw an increase overall, though with considerable quarter-to-quarter variation.  These findings suggest a need for further investigation into the underlying factors driving these fluctuations, which may indicate potential instability in the company's financial performance.