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 120.97 (%).Trend:Decrease 85.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 143.98 (%).Trend:Increase 19.02% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.36 (%).Trend:Decrease 32.38% than previous quarter

Overall: decreasing (-19.52%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 42.55 (%).Trend:Decrease 28.73% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 106.71 (%).Trend:Increase 150.79% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 63.41 (%).Trend:Decrease 40.58% than previous quarter

Overall: increasing (49.02%). 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 -756.43 (%).Trend:Decrease 31.34% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -50.23 (%).Trend:Decrease 93.36% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.04 (%).Trend:Decrease 28.25% than previous quarter

Overall: increasing (-95.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.55 (%).Trend:Increase 2.3% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.11 (%).Trend:Decrease 43.17% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 10.55 (%).Trend:Decrease 5.04% than previous quarter

Overall: decreasing (-46.04%). Fluctuation: **Significant** (high 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 -153.75 (%).Trend:Increase 1.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -6.82 (%).Trend:Decrease 95.56% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -10.12 (%).Trend:Increase 48.39% than previous quarter

Overall: increasing (-93.42%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -39.64 (USD).Trend:Decrease 5.26% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.13 (USD).Trend:Decrease 97.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share -2.46 (USD).Trend:Increase 117.7% than previous quarter

Overall: increasing (-93.79%). Fluctuation: **Significant** (high variation).



Financial statements from Q3 2020 to Q2 2021 show a mixed picture.  Liabilities on revenue decreased slightly overall, while current assets on revenue increased, though with considerable variation.  Cost efficiency, as measured by retained earnings to revenue, showed significant, negative increases, and the SG&A expense ratio decreased, again showing fluctuations.  Investment efficiency reveals negative growth in retained earnings on assets, but with significant quarter-to-quarter changes. Earning per share also demonstrated significant volatility with negative values and inconsistent changes.