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 67.5 (%).Trend:Decrease 34.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 196.03 (%).Trend:Increase 190.41% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 88.31 (%).Trend:Decrease 54.95% than previous quarter

Overall: increasing (30.83%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 204.65 (%).Trend:Decrease 12.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 529.14 (%).Trend:Increase 158.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 214.04 (%).Trend:Decrease 59.55% than previous quarter

Overall: increasing (4.59%). 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 -174.33 (%).Trend:Decrease 11.79% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -722.4 (%).Trend:Increase 314.39% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -350.27 (%).Trend:Decrease 51.51% than previous quarter

Overall: decreasing (100.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.81 (%).Trend:Increase 3.06% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 39.88 (%).Trend:Decrease 8.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 38.76 (%).Trend:Decrease 2.81% than previous quarter

Overall: decreasing (-11.53%). Fluctuation: **Little** (low 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 -27.73 (%).Trend:Increase 15.88% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -40.59 (%).Trend:Increase 46.38% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -46.66 (%).Trend:Increase 14.95% than previous quarter

Overall: decreasing (68.27%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 50.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.84 (USD).Trend:Decrease 72.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.62 (USD).Trend:Increase 92.86% than previous quarter

Overall: increasing (-46.0%). Fluctuation: **Significant** (high variation).



Financial data for Q3 2020 to Q2 2021 shows considerable fluctuations.  Working capital efficiency metrics reveal increases, but significant variability—liabilities to revenue increased to 30.83%, while current assets to revenue increased slightly to 4.59%, with notable increases and decreases in both metrics.  Cost efficiency reveals a substantial decrease in the ratio of retained earnings to revenue (100.92%), but a more stable decrease in the SG&A expense ratio (-11.53%). Investment efficiency, measured by retained earnings on assets, shows a considerable decrease (68.27%). Earnings per share demonstrate fluctuation, increasing but remaining negative (-46.0%).  These significant variations demand deeper investigation.