Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 2 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 62.86 (%).Trend:Decrease 40.91% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 49.71 (%).Trend:Decrease 20.92% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.67 (%).Trend:Increase 36.13% than previous quarter

Overall: increasing (7.65%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 39.34 (%).Trend:Decrease 61.2% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 16.5 (%).Trend:Decrease 58.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 24.83 (%).Trend:Increase 50.48% than previous quarter

Overall: decreasing (-36.88%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 2 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -392.19 (%).Trend:Decrease 42.85% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -314.65 (%).Trend:Decrease 19.77% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -303.16 (%).Trend:Decrease 3.65% than previous quarter

Overall: increasing (-22.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2020 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets -51.28 (%).Trend:Increase 6.88% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -66.33 (%).Trend:Increase 29.35% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -66.59 (%).Trend:Increase 0.39% than previous quarter

Overall: decreasing (29.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.01 (USD).Trend:Decrease 101.72% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.82 (USD).Trend:Increase 28100.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.53 (USD).Trend:Decrease 81.21% than previous quarter

Overall: decreasing (5200.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q2 2021 shows mixed results, marked by high volatility. Liabilities on revenue show a modest increase, while current assets decrease, highlighting potential liquidity concerns. Cost efficiency (retained earnings to revenue) shows an increase, but with highly variable trends. Investment efficiency declines with substantial fluctuation, while earnings per share are experiencing significant decreases, with large fluctuations.