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 91.19 (%).Trend:Decrease 33.2% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 278.49 (%).Trend:Increase 205.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 136.92 (%).Trend:Decrease 50.83% than previous quarter

Overall: increasing (50.15%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 69.26 (%).Trend:Decrease 36.2% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 232.74 (%).Trend:Increase 236.04% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 120.68 (%).Trend:Decrease 48.15% than previous quarter

Overall: increasing (74.24%). 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 -243.4 (%).Trend:Decrease 32.34% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -710.28 (%).Trend:Increase 191.82% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -348.93 (%).Trend:Decrease 50.87% than previous quarter

Overall: decreasing (43.36%). 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 -147.86 (%).Trend:Increase 1.35% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -137.4 (%).Trend:Decrease 7.07% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -136.54 (%).Trend:Decrease 0.63% than previous quarter

Overall: increasing (-7.66%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 reveals significant volatility in working capital efficiency (liabilities and current assets on revenue), cost efficiency (retained earnings to revenue), and investment efficiency (retained earnings on assets).  Liabilities and current assets on revenue demonstrate substantial increases and decreases across the three quarters.  The ratio of retained earnings to revenue consistently decreased.  Retained earnings on assets also displayed fluctuations, albeit with a general increasing trend.  Understanding the underlying drivers of these trends is crucial for informed decision-making.