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 339.21 (%).Trend:Decrease 26.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 739.45 (%).Trend:Increase 117.99% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 498.52 (%).Trend:Decrease 32.58% than previous quarter

Overall: increasing (46.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 379.3 (%).Trend:Decrease 27.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1462.17 (%).Trend:Increase 285.49% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 572.89 (%).Trend:Decrease 60.82% than previous quarter

Overall: increasing (51.04%). 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 -286.77 (%).Trend:Decrease 42.16% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -670.99 (%).Trend:Increase 133.98% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -211.45 (%).Trend:Decrease 68.49% than previous quarter

Overall: increasing (-26.26%). 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 -46.21 (%).Trend:Decrease 10.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -33.54 (%).Trend:Decrease 27.42% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -14.58 (%).Trend:Decrease 56.53% than previous quarter

Overall: increasing (-68.45%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 showcases significant volatility. Liabilities on revenue increased but with substantial fluctuations. Current assets on revenue also exhibited an overall increase with dramatic fluctuations. Cost efficiency (retained earnings to revenue) revealed a decreasing trend with volatility. Investment efficiency (retained earnings on assets) showed a volatile upward trend. The significant variations indicate potential operational inefficiencies and the need for immediate investigation and corrective measures.