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 11.69 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 43.3 (%).Trend:Increase 270.4% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 37.58 (%).Trend:Decrease 13.21% than previous quarter

Overall: increasing (221.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 43.78 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 94.24 (%).Trend:Increase 115.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 49.98 (%).Trend:Decrease 46.97% than previous quarter

Overall: increasing (14.16%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.1 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 18.59 (%).Trend:Decrease 36.12% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.62 (%).Trend:Decrease 5.22% than previous quarter

Overall: decreasing (-39.45%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 3 in 2020 to Quater 2 in 2021 includes 3 quarters.

Retained Earning on Assets
Earning Per Share


Financial analysis of three quarters (Q3 2020 to Q2 2021) indicates substantial fluctuations in liabilities and current assets to revenue.  Cost efficiency, as measured by SG&A, has decreased noticeably over the period.  Thorough investigation is necessary to determine the root causes and potential impact on the business.