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 61.4 (%).Trend:Decrease 44.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 184.68 (%).Trend:Increase 200.78% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80.11 (%).Trend:Decrease 56.62% than previous quarter

Overall: increasing (30.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 382.39 (%).Trend:Increase 23.06% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1784.72 (%).Trend:Increase 366.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 832.67 (%).Trend:Decrease 53.34% than previous quarter

Overall: increasing (117.75%). 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 -288.22 (%).Trend:Decrease 29.92% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -930.38 (%).Trend:Increase 222.8% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -491.71 (%).Trend:Decrease 47.15% than previous quarter

Overall: decreasing (70.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.95 (%).Trend:Increase 0.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 49.91 (%).Trend:Increase 28.14% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 51.35 (%).Trend:Increase 2.89% than previous quarter

Overall: increasing (31.84%). 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 -67.73 (%).Trend:Decrease 38.0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -49.12 (%).Trend:Decrease 27.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -54.58 (%).Trend:Increase 11.12% than previous quarter

Overall: increasing (-19.42%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements show significant volatility from Q3 2020 to Q2 2021.  Liabilities on revenue increased dramatically and then decreased, showing large fluctuations. Current assets on revenue similarly demonstrate large increases and decreases. Cost efficiency displays substantial variations in the ratio of retained earnings to revenue.  The SG&A expense ratio displays a moderate, sustained upward trend, indicating a more predictable cost structure.  Investment efficiency in retained earnings on assets also shows high variation and an overall increasing trend.