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 1200.14 (%).Trend:Decrease 41.3% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 3684.04 (%).Trend:Increase 206.97% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 2250.35 (%).Trend:Decrease 38.92% than previous quarter

Overall: increasing (87.51%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 1533.21 (%).Trend:Decrease 40.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 5186.47 (%).Trend:Increase 238.28% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 3975.01 (%).Trend:Decrease 23.36% than previous quarter

Overall: increasing (159.26%). 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 -120.57 (%).Trend:Decrease 31.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -349.93 (%).Trend:Increase 190.23% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -178.42 (%).Trend:Decrease 49.01% than previous quarter

Overall: decreasing (47.98%). 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 -7.78 (%).Trend:Increase 13.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -6.52 (%).Trend:Decrease 16.2% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -4.38 (%).Trend:Decrease 32.82% than previous quarter

Overall: increasing (-43.7%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 reveals significant volatility. Liabilities and current assets on revenue experienced substantial increases but with fluctuations between quarters. The ratio of retained earnings to revenue decreased substantially, indicating potential financial issues. Investment efficiency showed an increasing trend, but with a significant amount of volatility.  Overall, financial performance during this period was characterized by instability and significant variations.