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 23.76 (%).Trend:Decrease 26.07% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 358.16 (%).Trend:Increase 1407.41% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 124.46 (%).Trend:Decrease 65.25% than previous quarter

Overall: increasing (423.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 61.67 (%).Trend:Decrease 33.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 548.7 (%).Trend:Increase 789.74% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 192.88 (%).Trend:Decrease 64.85% than previous quarter

Overall: increasing (212.76%). 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 55.37 (%).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 304.25 (%).Trend:Increase 449.49% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 103.34 (%).Trend:Decrease 66.03% than previous quarter

Overall: increasing (86.64%). 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 45.02 (%).Trend:Decrease 5.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.25 (%).Trend:Decrease 37.25% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 28.43 (%).Trend:Increase 0.64% than previous quarter

Overall: decreasing (-36.85%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial analysis indicates considerable volatility in working capital and cost efficiency metrics across three quarters. Liabilities on revenue demonstrate a sharp increase and subsequent decrease, while current assets on revenue also fluctuate greatly.  The ratio of retained earnings to revenue exhibits similar significant swings. Investment efficiency shows a decrease in retained earnings on assets with moderate fluctuations.  SG&A expense ratio and Earnings per Share data are absent.