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 31.33 (%).Trend:Decrease 32.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 143.91 (%).Trend:Increase 359.34% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 73.38 (%).Trend:Decrease 49.01% than previous quarter

Overall: increasing (134.22%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 57.17 (%).Trend:Decrease 25.62% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 120.54 (%).Trend:Increase 110.84% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 58.51 (%).Trend:Decrease 51.46% than previous quarter

Overall: increasing (2.34%). 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 -28.88 (%).Trend:Decrease 15.01% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -117.3 (%).Trend:Increase 306.16% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -61.51 (%).Trend:Decrease 47.56% than previous quarter

Overall: decreasing (112.98%). 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 -6.09 (%).Trend:Increase 28.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -12.06 (%).Trend:Increase 98.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -12.89 (%).Trend:Increase 6.88% than previous quarter

Overall: decreasing (111.66%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -2.5 (USD).Trend:Increase 10.62% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 89.2% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.43 (USD).Trend:Increase 59.26% than previous quarter

Overall: increasing (-82.8%). Fluctuation: **Significant** (high variation).



Financial analysis for Q3 2020 to Q2 2021 reveals significant fluctuations in key financial indicators. Liabilities on revenue show a significant increase in Q1 2021, followed by a substantial decrease in Q2 2021. Current assets on revenue display a similar pattern. Cost efficiency, reflected in the retained earnings to revenue ratio, demonstrates a continuous decline, with substantial variation in the percentage changes. Invest efficiency, based on retained earnings on assets, also exhibits a consistent decreasing trend and significant variation. Earnings per share reveal a similar negative trend, although with some fluctuations.