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).



The financial statements from Q3 2020 to Q2 2021 reveal significant fluctuations.  Liabilities on revenue show an initial decrease and then a substantial increase, highlighting considerable volatility in operating efficiency.  Current assets on revenue decreased overall, with high volatility. The ratio of retained earnings to revenue shows a negative overall trend.  SG&A expense ratios indicate a decrease, suggesting a continued cost-cutting strategy.  Investment efficiency and earnings per share also show significant fluctuations and trends.