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 274.26 (%).Trend:Decrease 2.36% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1141.51 (%).Trend:Increase 316.21% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 355.97 (%).Trend:Decrease 68.82% than previous quarter

Overall: increasing (29.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 268.41 (%).Trend:Increase 99.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 326.82 (%).Trend:Increase 21.76% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 457.04 (%).Trend:Increase 39.84% than previous quarter

Overall: increasing (70.28%). 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 -113.82 (%).Trend:Decrease 32.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -350.85 (%).Trend:Increase 208.25% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -195.93 (%).Trend:Decrease 44.16% than previous quarter

Overall: decreasing (72.14%). 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 -8.84 (%).Trend:Decrease 36.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -19.75 (%).Trend:Increase 123.42% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -17.29 (%).Trend:Decrease 12.46% than previous quarter

Overall: decreasing (95.59%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 showcases significant and varied trends in working capital efficiency. Liabilities on revenue initially decreased, then increased substantially in Q1 2021, and subsequently decreased again in Q2 2021. Current assets on revenue consistently increased, though the pattern fluctuated.  The ratio of retained earnings to revenue decreased overall.  Retained earnings on assets also showed a downward trend with fluctuations. The highly volatile nature of the data suggests further investigation into underlying factors.