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 147.07 (%).Trend:Decrease 17.46% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1068.44 (%).Trend:Increase 626.48% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 262.8 (%).Trend:Decrease 75.4% than previous quarter

Overall: increasing (78.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 56.36 (%).Trend:Decrease 20.36% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 685.1 (%).Trend:Increase 1115.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 339.34 (%).Trend:Decrease 50.47% than previous quarter

Overall: increasing (502.09%). 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 -406.32 (%).Trend:Increase 12.66% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -3979.97 (%).Trend:Increase 879.52% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1056.56 (%).Trend:Decrease 73.45% than previous quarter

Overall: decreasing (160.03%). 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 -40.34 (%).Trend:Increase 31.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -56.27 (%).Trend:Increase 39.49% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -55.3 (%).Trend:Decrease 1.72% than previous quarter

Overall: decreasing (37.08%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -34.0 (USD).Trend:Increase 30.77% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.42 (USD).Trend:Decrease 95.82% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.07 (USD).Trend:Increase 45.77% than previous quarter

Overall: increasing (-93.91%). Fluctuation: **Significant** (high variation).



Financial data from the third quarter of 2020 to the second quarter of 2021 reveals significant and fluctuating performance. Working capital efficiency, measured by liabilities and current assets on revenue, shows substantial increases with volatility.  Cost efficiency, specifically the ratio of retained earnings to revenue, shows a consistent downward trend and substantial fluctuations. Investment efficiency and earning per share also exhibit inconsistent results. Overall, the findings suggest significant instability and the need for a thorough examination of the underlying factors driving these changes.