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 59.2 (%).Trend:Decrease 54.98% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 149.18 (%).Trend:Increase 151.99% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 69.1 (%).Trend:Decrease 53.68% than previous quarter

Overall: increasing (16.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 87.22 (%).Trend:Decrease 42.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 184.0 (%).Trend:Increase 110.96% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 82.69 (%).Trend:Decrease 55.06% than previous quarter

Overall: decreasing (-5.19%). 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 -733.93 (%).Trend:Decrease 47.82% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1883.53 (%).Trend:Increase 156.64% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -796.03 (%).Trend:Decrease 57.74% than previous quarter

Overall: decreasing (8.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 62.93 (%).Trend:Decrease 27.37% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.64 (%).Trend:Decrease 10.0% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.96 (%).Trend:Decrease 15.32% than previous quarter

Overall: decreasing (-23.79%). Fluctuation: **Neutral** (moderate 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 -300.37 (%).Trend:Decrease 5.45% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -332.6 (%).Trend:Increase 10.73% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -327.38 (%).Trend:Decrease 1.57% than previous quarter

Overall: decreasing (8.99%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Decrease 20.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.98 (USD).Trend:Decrease 75.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share -1.03 (USD).Trend:Increase 5.1% than previous quarter

Overall: increasing (-74.25%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 highlight considerable fluctuation in financial metrics. Working capital efficiency exhibits significant variations in liabilities and current assets on revenue, with liabilities increasing overall but fluctuating dramatically, and current assets decreasing overall with substantial quarterly changes. Cost efficiency indicates a continuous decrease in the ratio of retained earnings to revenue, with noteworthy increases and decreases. The SG&A expense ratio consistently decreased, exhibiting moderate fluctuations.  Invest efficiency shows a consistent decline in retained earnings on assets with notable quarterly changes. Earning per share shows a declining trend overall, although with considerable quarterly fluctuations.