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 99.08 (%).Trend:Decrease 60.69% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 238.6 (%).Trend:Increase 140.82% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 152.06 (%).Trend:Decrease 36.27% than previous quarter

Overall: increasing (53.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 107.3 (%).Trend:Decrease 65.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 378.94 (%).Trend:Increase 253.16% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 189.77 (%).Trend:Decrease 49.92% than previous quarter

Overall: increasing (76.86%). 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 40.91 (%).Trend:Decrease 59.77% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 15.85 (%).Trend:Decrease 61.26% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1.6 (%).Trend:Decrease 89.91% than previous quarter

Overall: decreasing (-96.09%). 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 3.9 (%).Trend:Increase 12.07% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.36 (%).Trend:Decrease 90.77% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.08 (%).Trend:Decrease 77.78% than previous quarter

Overall: decreasing (-97.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.03 (USD).Trend:Decrease 91.43% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.12 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.32 (USD).Trend:Increase 166.67% than previous quarter

Overall: decreasing (966.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show erratic trends. Liabilities and current assets on revenue fluctuate greatly.  Liabilities on revenue increased by 53.47% overall, while current assets on revenue increased by 76.86% over the period, although both displayed considerable quarter-to-quarter swings.  Cost efficiency, as measured by the ratio of retained earnings to revenue, sharply declined (-96.09%).  Investment efficiency, measured by retained earnings on assets, also experienced a steep drop (-97.95%). Similarly, earnings per share decreased significantly (-966.67%).  The high volatility and downward trends across most metrics suggest possible financial strain.