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 237.34 (%).Trend:Increase 128.81% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 147.85 (%).Trend:Decrease 37.71% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 120.4 (%).Trend:Decrease 18.57% than previous quarter

Overall: decreasing (-49.27%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 426.39 (%).Trend:Increase 206.98% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 716.9 (%).Trend:Increase 68.13% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 120.58 (%).Trend:Decrease 83.18% than previous quarter

Overall: decreasing (-71.72%). 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 -848.95 (%).Trend:Increase 53.91% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -2182.31 (%).Trend:Increase 157.06% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1076.07 (%).Trend:Decrease 50.69% than previous quarter

Overall: decreasing (26.75%). 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 -165.64 (%).Trend:Increase 13.75% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -234.4 (%).Trend:Increase 41.51% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -477.59 (%).Trend:Increase 103.75% than previous quarter

Overall: decreasing (188.33%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q3 2020 to Q2 2021 shows significant fluctuations. Working capital efficiency is declining, with liabilities on revenue decreasing but current assets on revenue also decreasing sharply. Cost efficiency, as measured by the ratio of retained earnings to revenue, is also trending downward with substantial quarterly variations.  Investment efficiency, as measured by retained earnings on assets, is also decreasing.  The overall financial performance displays a concerning pattern of decreasing trends across several key metrics, but with substantial quarter-to-quarter variation.  Further analysis is needed to determine the root cause of these fluctuations.