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 65.27 (%).Trend:Decrease 9.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 127.34 (%).Trend:Increase 95.1% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 95.81 (%).Trend:Decrease 24.76% than previous quarter

Overall: increasing (46.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 25.68 (%).Trend:Decrease 44.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 71.68 (%).Trend:Increase 179.13% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 32.87 (%).Trend:Decrease 54.14% than previous quarter

Overall: increasing (28.0%). 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 -3.83 (%).Trend:Decrease 114.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -24.45 (%).Trend:Increase 538.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -39.07 (%).Trend:Increase 59.8% than previous quarter

Overall: decreasing (920.1%). 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 -0.5 (%).Trend:Decrease 120.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -1.76 (%).Trend:Increase 252.0% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -5.61 (%).Trend:Increase 218.75% than previous quarter

Overall: decreasing (1022.0%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.77 (USD).Trend:Increase 413.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.6 (USD).Trend:Decrease 22.08% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.39 (USD).Trend:Increase 131.67% than previous quarter

Overall: decreasing (80.52%). Fluctuation: **Significant** (high variation).



Working capital efficiency analysis from Q3 2020 to Q2 2021 shows significant volatility. Liabilities on revenue increased slightly, but with substantial fluctuations.  Current assets on revenue, similarly, increased initially and then decreased substantially. Cost efficiency, measured by the ratio of retained earnings to revenue, shows negative values with large percentage changes from one quarter to the next. Investment efficiency data reveals similar fluctuations, with negative values and large variability over the time period. Earnings per share show negative values with volatile changes across the three quarters.  The data points to erratic financial performance with high levels of quarter-to-quarter change.