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 82.08 (%).Trend:Decrease 28.76% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 290.69 (%).Trend:Increase 254.15% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 134.54 (%).Trend:Decrease 53.72% than previous quarter

Overall: increasing (63.91%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 81.61 (%).Trend:Decrease 29.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 289.39 (%).Trend:Increase 254.6% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 122.19 (%).Trend:Decrease 57.78% than previous quarter

Overall: increasing (49.72%). 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 -124.31 (%).Trend:Decrease 27.43% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -476.95 (%).Trend:Increase 283.68% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -238.15 (%).Trend:Decrease 50.07% than previous quarter

Overall: decreasing (91.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 44.24 (%).Trend:Decrease 2.92% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 48.19 (%).Trend:Increase 8.93% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 50.04 (%).Trend:Increase 3.84% than previous quarter

Overall: increasing (13.11%). Fluctuation: **Little** (low 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 -98.89 (%).Trend:Increase 2.69% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -89.75 (%).Trend:Decrease 9.24% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -113.81 (%).Trend:Increase 26.81% than previous quarter

Overall: decreasing (15.09%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial data from Q3 2020 to Q2 2021 demonstrates substantial volatility in several areas.  Working capital efficiency metrics (liabilities and current assets on revenue) show substantial increases with large quarterly fluctuations.  Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing significantly.  SG&A expense ratio is increasing moderately, but with low fluctuation. Invest efficiency, shown through retained earnings on assets, is decreasing with significant quarter-to-quarter shifts.