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 25.4 (%).Trend:Decrease 11.71% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.24 (%).Trend:Increase 164.72% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 32.54 (%).Trend:Decrease 51.61% than previous quarter

Overall: increasing (28.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 108.51 (%).Trend:Decrease 26.37% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 303.04 (%).Trend:Increase 179.27% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 140.86 (%).Trend:Decrease 53.52% than previous quarter

Overall: increasing (29.81%). 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 -83.41 (%).Trend:Decrease 34.39% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -253.74 (%).Trend:Increase 204.21% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -132.52 (%).Trend:Decrease 47.77% than previous quarter

Overall: decreasing (58.88%). 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 -46.85 (%).Trend:Decrease 5.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -51.87 (%).Trend:Increase 10.72% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -58.67 (%).Trend:Increase 13.11% than previous quarter

Overall: decreasing (25.23%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.56 (USD).Trend:Increase 1.82% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 85.71% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.02 (USD).Trend:Decrease 75.0% than previous quarter

Overall: increasing (-96.43%). Fluctuation: **Significant** (high variation).



Financial statements for Q3 2020 to Q2 2021 show considerable variability in working capital and cost efficiency metrics. Liabilities on revenue and current assets on revenue show increases over the period but with large quarter-to-quarter swings. Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing overall. Investment efficiency, measured by retained earnings on assets, is also decreasing, while earnings per share exhibit an overall increase but remain highly variable.