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 31.46 (%).Trend:Decrease 32.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 102.91 (%).Trend:Increase 227.11% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 60.9 (%).Trend:Decrease 40.82% than previous quarter

Overall: increasing (93.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 159.06 (%).Trend:Decrease 40.87% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 534.57 (%).Trend:Increase 236.08% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 465.93 (%).Trend:Decrease 12.84% than previous quarter

Overall: increasing (192.93%). 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 -668.17 (%).Trend:Decrease 33.11% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -2210.31 (%).Trend:Increase 230.8% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1018.7 (%).Trend:Decrease 53.91% than previous quarter

Overall: decreasing (52.46%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 47.15 (%).Trend:Decrease 4.19% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 70.95 (%).Trend:Increase 50.48% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 72.52 (%).Trend:Increase 2.21% than previous quarter

Overall: increasing (53.81%). Fluctuation: **Neutral** (moderate 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 -242.16 (%).Trend:Increase 9.85% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -252.06 (%).Trend:Increase 4.09% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -159.13 (%).Trend:Decrease 36.87% than previous quarter

Overall: increasing (-34.29%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q3 2020 to Q2 2021 exhibits volatile trends. Liabilities and current assets on revenue are increasing, though with significant swings.  Cost efficiency, measured by the ratio of retained earnings to revenue and SG&A expense ratio, shows increasing trends with large quarterly variations. Investment efficiency (retained earnings on assets) also shows an increasing trend with variability.