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 43.45 (%).Trend:Decrease 34.75% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 119.83 (%).Trend:Increase 175.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 61.08 (%).Trend:Decrease 49.03% than previous quarter

Overall: increasing (40.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 27.22 (%).Trend:Decrease 35.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 90.17 (%).Trend:Increase 231.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 47.54 (%).Trend:Decrease 47.28% than previous quarter

Overall: increasing (74.65%). 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 -157.97 (%).Trend:Decrease 41.26% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -399.43 (%).Trend:Increase 152.85% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -195.19 (%).Trend:Decrease 51.13% than previous quarter

Overall: decreasing (23.56%). 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 -71.3 (%).Trend:Decrease 9.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -67.29 (%).Trend:Decrease 5.62% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -65.56 (%).Trend:Decrease 2.57% than previous quarter

Overall: increasing (-8.05%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.01 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.02 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.05 (USD).Trend:Increase 150.0% than previous quarter

Overall: increasing (400.0%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterize the reviewed period (Q3 2020 - Q2 2021). Liabilities on Revenue and Current assets on Revenue show overall increases despite quarter-to-quarter volatility. Conversely, the Ratio of Retained Earnings to Revenue displays an overall decrease, while Retained Earnings on Assets improved, and Earnings Per Share experienced substantial growth.  Further investigation into the drivers of these fluctuations is recommended.