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 21175200000.0 (%).Trend:Increase 5.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 17943000000.0 (%).Trend:Decrease 15.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 18835500000.0 (%).Trend:Increase 4.97% than previous quarter

Overall: decreasing (-11.05%). Fluctuation: **Little** (low variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 32939700000.0 (%).Trend:Increase 0.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 29191100000.0 (%).Trend:Decrease 11.38% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 28559500000.0 (%).Trend:Decrease 2.16% than previous quarter

Overall: decreasing (-13.3%). Fluctuation: **Little** (low 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 -21756000000.0 (%).Trend:Increase 8.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -24348900000.0 (%).Trend:Increase 11.92% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -26680900000.0 (%).Trend:Increase 9.58% than previous quarter

Overall: decreasing (22.64%). 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 -55.94 (%).Trend:Increase 9.02% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -70.13 (%).Trend:Increase 25.37% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -80.66 (%).Trend:Increase 15.01% than previous quarter

Overall: decreasing (44.19%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.11 (USD).Trend:Increase 24.72% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.13 (USD).Trend:Decrease 88.29% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 223.08% than previous quarter

Overall: increasing (-62.16%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows a mixed picture.  Working capital efficiency, measured by liabilities and current assets on revenue, is decreasing, though with little fluctuation.  Cost efficiency, as measured by the ratio of retained earnings to revenue, is also declining, but with significant fluctuation. Investment efficiency, as measured by retained earnings on assets, is decreasing significantly.  Earnings per share also show a significant, but increasing trend, with substantial fluctuations.  These trends need further analysis to understand the underlying causes and implications.