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 48.84 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 179.04 (%).Trend:Increase 266.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 128.47 (%).Trend:Decrease 28.25% than previous quarter

Overall: increasing (163.04%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 195.94 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 664.2 (%).Trend:Increase 238.98% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 389.5 (%).Trend:Decrease 41.36% than previous quarter

Overall: increasing (98.79%). 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 17.87 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 24.63 (%).Trend:Increase 37.83% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -16.05 (%).Trend:Decrease 165.16% than previous quarter

Overall: decreasing (-189.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.82 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 30.92 (%).Trend:Increase 95.45% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.4 (%).Trend:Decrease 8.15% than previous quarter

Overall: increasing (79.52%). Fluctuation: **Significant** (high 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 4.9 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.11 (%).Trend:Decrease 56.94% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -2.39 (%).Trend:Decrease 213.27% than previous quarter

Overall: decreasing (-148.78%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.1 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 87.14% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.02 (USD).Trend:Increase 277.78% than previous quarter

Overall: increasing (-51.43%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 indicate significant volatility in all key areas. Liabilities and current assets on revenue show substantial increases, then declines, suggesting instability. Cost efficiency, as measured by the ratio of retained earnings to revenue, declines sharply. SG&A expenses rise, then fall. Investment efficiency, measured by retained earnings on assets, decreases significantly. Earnings per share are consistently negative and volatile.