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 15.16 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 79.56 (%).Trend:Increase 424.8% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 41.44 (%).Trend:Decrease 47.91% than previous quarter

Overall: increasing (173.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 24.74 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 109.28 (%).Trend:Increase 341.71% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 57.39 (%).Trend:Decrease 47.48% than previous quarter

Overall: increasing (131.97%). 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 12.55 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 9.4 (%).Trend:Decrease 25.1% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1.76 (%).Trend:Decrease 81.28% than previous quarter

Overall: decreasing (-85.98%). 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 7.27 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 1.45 (%).Trend:Decrease 80.06% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.63 (%).Trend:Decrease 56.55% than previous quarter

Overall: decreasing (-91.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.62 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.2 (USD).Trend:Decrease 67.74% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.28 (USD).Trend:Increase 40.0% than previous quarter

Overall: increasing (-54.84%). Fluctuation: **Significant** (high variation).



Financial analysis from Q3 2020 to Q2 2021 reveals significant fluctuations in key metrics.  Liabilities and current assets on revenue show substantial increases and decreases, indicating a volatile working capital position.  The ratio of retained earnings to revenue decreased substantially.  Retained earning on assets and earnings per share also experienced considerable declines, suggesting difficulties in profitability and asset utilization.  The overall picture is one of significant financial instability.