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 113.66 (%).Trend:Decrease 24.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 283.71 (%).Trend:Increase 149.61% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 139.32 (%).Trend:Decrease 50.89% than previous quarter

Overall: increasing (22.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 104.1 (%).Trend:Decrease 26.24% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 284.19 (%).Trend:Increase 173.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 142.29 (%).Trend:Decrease 49.93% than previous quarter

Overall: increasing (36.69%). 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 -162.12 (%).Trend:Decrease 36.43% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -373.52 (%).Trend:Increase 130.4% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -173.83 (%).Trend:Decrease 53.46% than previous quarter

Overall: decreasing (7.22%). 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 -32.22 (%).Trend:Decrease 3.07% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -28.38 (%).Trend:Decrease 11.92% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -27.4 (%).Trend:Decrease 3.45% than previous quarter

Overall: increasing (-14.96%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.78 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.05 (USD).Trend:Decrease 102.81% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.11 (USD).Trend:Increase 120.0% than previous quarter

Overall: increasing (-106.18%). Fluctuation: **Significant** (high variation).



Analyzing Q3 2020 to Q2 2021 data reveals significant fluctuations in key financial ratios.  Liabilities and current assets relative to revenue increased, although exhibiting substantial quarter-to-quarter swings. The ratio of retained earnings to revenue decreased overall. Retained earnings on assets increased (negatively). Earnings per share, initially negative, increased significantly throughout the period. The observed volatility demands further analysis.