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 99.08 (%).Trend:Decrease 60.69% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 238.6 (%).Trend:Increase 140.82% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 152.06 (%).Trend:Decrease 36.27% than previous quarter

Overall: increasing (53.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 107.3 (%).Trend:Decrease 65.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 378.94 (%).Trend:Increase 253.16% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 189.77 (%).Trend:Decrease 49.92% than previous quarter

Overall: increasing (76.86%). 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 40.91 (%).Trend:Decrease 59.77% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 15.85 (%).Trend:Decrease 61.26% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 1.6 (%).Trend:Decrease 89.91% than previous quarter

Overall: decreasing (-96.09%). 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 3.9 (%).Trend:Increase 12.07% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 0.36 (%).Trend:Decrease 90.77% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 0.08 (%).Trend:Decrease 77.78% than previous quarter

Overall: decreasing (-97.95%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.03 (USD).Trend:Decrease 91.43% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.12 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.32 (USD).Trend:Increase 166.67% than previous quarter

Overall: decreasing (966.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 highlight significant fluctuations in working capital. Liabilities on revenue show a decline, followed by a sharp rise.  Current assets on revenue show a comparable pattern of a decline, then a subsequent rise.  Cost efficiency, as reflected by the ratio of retained earnings to revenue, is consistently decreasing across all three quarters.  Investment efficiency, as measured by retained earnings on assets, shows substantial and negative fluctuation,  as well as declining earnings per share.