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 43.48 (%).Trend:Decrease 36.09% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 126.11 (%).Trend:Increase 190.04% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 61.07 (%).Trend:Decrease 51.57% than previous quarter

Overall: increasing (40.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 116.9 (%).Trend:Decrease 36.36% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 211.07 (%).Trend:Increase 80.56% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 88.58 (%).Trend:Decrease 58.03% than previous quarter

Overall: decreasing (-24.23%). 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 -43.63 (%).Trend:Decrease 31.9% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -105.71 (%).Trend:Increase 142.29% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -66.08 (%).Trend:Decrease 37.49% than previous quarter

Overall: decreasing (51.46%). 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 -17.51 (%).Trend:Decrease 1.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.0 (%).Trend:Increase 2.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -24.56 (%).Trend:Increase 36.44% than previous quarter

Overall: decreasing (40.26%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q3 2020 to Q2 2021 reveals significant volatility. Liabilities on revenue showed an increase (40.46%) overall, but with major quarter-to-quarter fluctuations.  Current assets on revenue showed a decrease (-24.23%) with notable quarter-to-quarter volatility.  Cost efficiency, as measured by the ratio of retained earnings to revenue, also saw a consistent decrease (51.46%). Invest efficiency shows a consistent decrease (40.26%) in retained earnings on assets, despite considerable quarter-to-quarter shifts.