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 24.83 (%).Trend:Decrease 20.39% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 160.86 (%).Trend:Increase 547.85% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 72.19 (%).Trend:Decrease 55.12% than previous quarter

Overall: increasing (190.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 53.05 (%).Trend:Decrease 41.7% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 90.37 (%).Trend:Increase 70.35% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 60.98 (%).Trend:Decrease 32.52% than previous quarter

Overall: increasing (14.95%). 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 -19.62 (%).Trend:Decrease 626.01% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -222.83 (%).Trend:Increase 1035.73% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -134.4 (%).Trend:Decrease 39.68% than previous quarter

Overall: decreasing (585.02%). 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 -6.83 (%).Trend:Decrease 720.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.18 (%).Trend:Increase 166.18% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -20.99 (%).Trend:Increase 15.46% than previous quarter

Overall: decreasing (207.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.76 (USD).Trend:Decrease 24.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.22 (USD).Trend:Increase 60.53% than previous quarter

Overall: decreasing (22.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 demonstrate substantial volatility in key financial indicators. Liabilities on revenue increased dramatically in Q1 2021 before declining in later periods. Current assets on revenue followed a similar pattern, showing significant fluctuations. Cost efficiency, measured by retained earnings to revenue, showed a steep overall decline with substantial variability. Investment efficiency, as measured by retained earnings on assets, also decreased substantially and exhibited significant volatility.  Earnings per share consistently fell throughout the period. The analysis highlights considerable instability in the financial performance of the company.