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 20.98 (%).Trend:Decrease 17.21% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 92.17 (%).Trend:Increase 339.32% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 45.64 (%).Trend:Decrease 50.48% than previous quarter

Overall: increasing (117.54%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 19.75 (%).Trend:Decrease 17.98% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 97.65 (%).Trend:Increase 394.43% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 57.42 (%).Trend:Decrease 41.2% than previous quarter

Overall: increasing (190.73%). 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 -10.05 (%).Trend:Decrease 2.43% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -60.05 (%).Trend:Increase 497.51% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -32.39 (%).Trend:Decrease 46.06% than previous quarter

Overall: decreasing (222.29%). 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 -6.09 (%).Trend:Increase 31.25% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -9.77 (%).Trend:Increase 60.43% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -11.42 (%).Trend:Increase 16.89% than previous quarter

Overall: decreasing (87.52%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.77 (USD).Trend:Increase 92.5% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.54 (USD).Trend:Decrease 29.87% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.13 (USD).Trend:Increase 109.26% than previous quarter

Overall: decreasing (46.75%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show highly variable trends.  Liabilities and current assets on revenue both increased dramatically, but then decreased in Q2 2021.  Cost efficiency, as measured by the ratio of retained earnings to revenue, experienced a significant decrease, with very high fluctuation throughout. Investment efficiency, measured by retained earnings on assets, displays a consistent decrease but with considerable fluctuation.  Earnings per share also declined and fluctuated greatly. This pattern signifies an unstable financial performance with the need for a deeper analysis.