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 40.97 (%).Trend:Increase 18.96% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 87.95 (%).Trend:Increase 114.67% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 47.87 (%).Trend:Decrease 45.57% than previous quarter

Overall: increasing (16.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 99.55 (%).Trend:Decrease 31.34% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 631.47 (%).Trend:Increase 534.32% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 166.01 (%).Trend:Decrease 73.71% than previous quarter

Overall: increasing (66.76%). 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 -44.32 (%).Trend:Decrease 43.69% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -111.19 (%).Trend:Increase 150.88% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -44.1 (%).Trend:Decrease 60.34% than previous quarter

Overall: increasing (-0.5%). 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 -37.25 (%).Trend:Decrease 16.35% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -16.42 (%).Trend:Decrease 55.92% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -16.3 (%).Trend:Decrease 0.73% than previous quarter

Overall: increasing (-56.24%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis for Q3 2020 to Q2 2021 demonstrates high volatility. Liabilities on revenue increased by 16.84% but showed substantial variation. Current assets on revenue increased by 66.76%, also with significant fluctuations. The ratio of retained earnings to revenue showed a minor increase but with significant fluctuations (-0.5%).  Retained earnings on assets showed an increase of -56.24% across the period, demonstrating substantial quarterly variations.  Further analysis is needed to determine the underlying causes and potential implications of this volatility.