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 131.71 (%).Trend:Decrease 53.57% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 704.17 (%).Trend:Increase 434.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 348.91 (%).Trend:Decrease 50.45% than previous quarter

Overall: increasing (164.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 157.4 (%).Trend:Decrease 51.17% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 709.15 (%).Trend:Increase 350.54% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 331.04 (%).Trend:Decrease 53.32% than previous quarter

Overall: increasing (110.32%). 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 -32.67 (%).Trend:Decrease 24.83% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -189.33 (%).Trend:Increase 479.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -75.39 (%).Trend:Decrease 60.18% than previous quarter

Overall: decreasing (130.76%). 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 -7.1 (%).Trend:Increase 28.86% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -10.79 (%).Trend:Increase 51.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.47 (%).Trend:Decrease 2.97% than previous quarter

Overall: decreasing (47.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -16.13 (USD).Trend:Increase 10.71% than previous quarter
Year 2021 Quarter 1: Earning Per Share -4.17 (USD).Trend:Decrease 74.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share -6.16 (USD).Trend:Increase 47.72% than previous quarter

Overall: increasing (-61.81%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2020 to Q2 2021 data reveals significant fluctuations. Liabilities and current assets on revenue increased substantially (164.91% and 110.32% respectively), despite initial decreases. However, cost efficiency, measured by the ratio of retained earnings to revenue, decreased significantly (-130.76%), indicating a decline in profitability. Retained earnings on assets also decreased (-47.46%), while earnings per share showed an overall increase (-61.81%), both showcasing major volatility.  These results warrant further investigation.