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 132.29 (%).Trend:Decrease 34.29% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 374.42 (%).Trend:Increase 183.03% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 154.36 (%).Trend:Decrease 58.77% than previous quarter

Overall: increasing (16.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 526.2 (%).Trend:Decrease 38.74% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1256.82 (%).Trend:Increase 138.85% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 437.36 (%).Trend:Decrease 65.2% than previous quarter

Overall: decreasing (-16.88%). 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 -1537.69 (%).Trend:Decrease 44.78% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -4630.59 (%).Trend:Increase 201.14% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1904.28 (%).Trend:Decrease 58.88% than previous quarter

Overall: decreasing (23.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 235.98 (%).Trend:Decrease 22.47% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 227.29 (%).Trend:Decrease 3.68% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 179.74 (%).Trend:Decrease 20.92% than previous quarter

Overall: decreasing (-23.83%). 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 -278.36 (%).Trend:Decrease 11.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -350.64 (%).Trend:Increase 25.97% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -413.8 (%).Trend:Increase 18.01% than previous quarter

Overall: decreasing (48.66%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 reveals considerable volatility. Liabilities on revenue decreased, then increased substantially, followed by a decrease.  Current assets on revenue decreased then increased significantly followed by a decrease. Cost efficiency shows a steady decline in the SG&A expense ratio but a substantial drop in the retained earnings to revenue ratio with high variability. Invest efficiency exhibits a generally decreasing trend in retained earnings on assets with high variability.  The overall performance is characterized by significant fluctuations in key metrics.