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 25.44 (%).Trend:Decrease 40.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 83.57 (%).Trend:Increase 228.5% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 46.02 (%).Trend:Decrease 44.93% than previous quarter

Overall: increasing (80.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32.02 (%).Trend:Decrease 34.03% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 81.38 (%).Trend:Increase 154.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 42.13 (%).Trend:Decrease 48.23% than previous quarter

Overall: increasing (31.57%). 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 -7.6 (%).Trend:Decrease 33.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -26.89 (%).Trend:Increase 253.82% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -12.1 (%).Trend:Decrease 55.0% than previous quarter

Overall: decreasing (59.21%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.73 (%).Trend:Decrease 1.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.26 (%).Trend:Increase 15.72% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.86 (%).Trend:Decrease 3.55% than previous quarter

Overall: increasing (11.61%). Fluctuation: **Little** (low 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 -11.64 (%).Trend:Decrease 1.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -11.4 (%).Trend:Decrease 2.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.95 (%).Trend:Decrease 3.95% than previous quarter

Overall: increasing (-5.93%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 0.01 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 700.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.08 (USD).Trend:Increase 33.33% than previous quarter

Overall: decreasing (-900.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 indicate significant fluctuations in working capital, cost, and investment efficiency. Liabilities and current assets on revenue are unstable, showing large increases and decreases.  The ratio of retained earnings to revenue displays a consistent downward trend with sharp changes, suggesting declining profitability.  SG&A expense ratio shows a slight upward trend with minor variation. Investment efficiency shows a slightly upward trend for retained earnings on assets, but high fluctuation is evident. Earning per share is consistently negative.