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 30.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 97.91 (%).Trend:Increase 125.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 39.91 (%).Trend:Decrease 59.24% than previous quarter

Overall: decreasing (-8.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 88.64 (%).Trend:Decrease 41.14% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 154.96 (%).Trend:Increase 74.82% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 74.64 (%).Trend:Decrease 51.83% than previous quarter

Overall: decreasing (-15.79%). 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 -211.84 (%).Trend:Decrease 30.7% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -517.51 (%).Trend:Increase 144.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -244.15 (%).Trend:Decrease 52.82% than previous quarter

Overall: decreasing (15.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.66 (%).Trend:Decrease 22.15% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 16.41 (%).Trend:Decrease 57.55% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 14.45 (%).Trend:Decrease 11.94% than previous quarter

Overall: decreasing (-62.62%). Fluctuation: **Significant** (high 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 -101.28 (%).Trend:Increase 18.15% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -139.44 (%).Trend:Increase 37.68% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -147.91 (%).Trend:Increase 6.07% than previous quarter

Overall: decreasing (46.04%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -50.26 (USD).Trend:Decrease 8.62% than previous quarter
Year 2021 Quarter 1: Earning Per Share -4.41 (USD).Trend:Decrease 91.23% than previous quarter
Year 2021 Quarter 2: Earning Per Share -7.39 (USD).Trend:Increase 67.57% than previous quarter

Overall: increasing (-85.3%). Fluctuation: **Significant** (high variation).



Financial data for Q3 2020 to Q2 2021 reveals significant instability. Working capital efficiency shows volatile trends in liabilities and current assets on revenue. Cost efficiency displays a consistent decrease in SG&A expense ratio, but significant decreases in retained earnings to revenue ratios and earnings per share. Investment efficiency shows a downward trend in retained earnings on assets. The overall financial picture during this period is unstable and declining.