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 86.3 (%).Trend:Decrease 42.34% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 198.15 (%).Trend:Increase 129.61% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 83.54 (%).Trend:Decrease 57.84% than previous quarter

Overall: decreasing (-3.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 76.66 (%).Trend:Increase 18.96% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 182.8 (%).Trend:Increase 138.46% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 389.9 (%).Trend:Increase 113.29% than previous quarter

Overall: increasing (408.61%). 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 -1346.5 (%).Trend:Decrease 36.58% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -3458.83 (%).Trend:Increase 156.88% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1745.79 (%).Trend:Decrease 49.53% than previous quarter

Overall: decreasing (29.65%). 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 -336.41 (%).Trend:Decrease 3.55% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -357.52 (%).Trend:Increase 6.28% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -226.68 (%).Trend:Decrease 36.6% than previous quarter

Overall: increasing (-32.62%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q3 2020 to Q2 2021 reveals substantial fluctuations in working capital and cost efficiency metrics. Liabilities on revenue decreased significantly in Q3 2020, increased greatly in Q1 2021, and declined further in Q2 2021, showing significant volatility.  Current assets on revenue, however, exhibit a strong, though highly volatile, upward trend. Cost efficiency, measured by the ratio of retained earnings to revenue, shows a consistent downward trend, with notable fluctuations. Invest efficiency, measured by retained earnings on assets, also demonstrates considerable volatility.  These results indicate significant instability requiring close monitoring.