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 18.88 (%).Trend:Decrease 39.64% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 68.58 (%).Trend:Increase 263.24% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 33.66 (%).Trend:Decrease 50.92% than previous quarter

Overall: increasing (78.28%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 33.96 (%).Trend:Decrease 34.1% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 133.91 (%).Trend:Increase 294.32% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 64.59 (%).Trend:Decrease 51.77% than previous quarter

Overall: increasing (90.19%). 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 -80.92 (%).Trend:Decrease 34.64% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -272.43 (%).Trend:Increase 236.67% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -136.78 (%).Trend:Decrease 49.79% than previous quarter

Overall: decreasing (69.03%). 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 -60.62 (%).Trend:Increase 0.38% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -60.63 (%).Trend:Increase 0.02% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -63.16 (%).Trend:Increase 4.17% than previous quarter

Overall: decreasing (4.19%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.03 (USD).Trend:Increase 200.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 366.67% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.14 (USD).Trend:Increase 75.0% than previous quarter

Overall: decreasing (-566.67%). Fluctuation: **Significant** (high variation).



Analysis of Q3 2020 to Q2 2021 reveals significant volatility across key metrics.  Liabilities and current assets on revenue both increased substantially overall, but showed extreme quarterly fluctuations.  This suggests potential operational inefficiencies or unpredictable revenue streams.  Conversely, the ratio of retained earnings to revenue declined, indicating profitability challenges.  The consistently negative retained earnings on assets and decreasing earnings per share highlight serious financial concerns.