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 38.24 (%).Trend:Decrease 35.53% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 97.71 (%).Trend:Increase 155.52% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 42.71 (%).Trend:Decrease 56.29% than previous quarter

Overall: increasing (11.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 207.84 (%).Trend:Decrease 41.53% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 420.84 (%).Trend:Increase 102.48% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 247.59 (%).Trend:Decrease 41.17% than previous quarter

Overall: increasing (19.13%). 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 -487.58 (%).Trend:Decrease 41.03% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1050.36 (%).Trend:Increase 115.42% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -470.12 (%).Trend:Decrease 55.24% than previous quarter

Overall: increasing (-3.58%). 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 -161.45 (%).Trend:Increase 0.21% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -159.79 (%).Trend:Decrease 1.03% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -120.73 (%).Trend:Decrease 24.44% than previous quarter

Overall: increasing (-25.22%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 reveals considerable volatility in key financial metrics. Liabilities on revenue show an increase overall, but with significant quarterly fluctuations. Current assets on revenue also show an overall increase, but again with substantial quarterly changes.  Cost efficiency, as measured by the ratio of retained earnings to revenue, exhibited a notable downward trend. Invest efficiency, as measured by retained earnings on assets, shows a slightly increasing trend, though with substantial variability.  The data clearly demonstrate a high degree of fluctuation and require further investigation into the underlying operational and strategic factors driving these changes.