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 20.9 (%).Trend:Decrease 32.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 81.99 (%).Trend:Increase 292.3% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 40.38 (%).Trend:Decrease 50.75% than previous quarter

Overall: increasing (93.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 41.24 (%).Trend:Decrease 29.86% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 137.62 (%).Trend:Increase 233.71% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 69.57 (%).Trend:Decrease 49.45% than previous quarter

Overall: increasing (68.7%). 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 28.17 (%).Trend:Decrease 48.2% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 104.99 (%).Trend:Increase 272.7% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 41.74 (%).Trend:Decrease 60.24% than previous quarter

Overall: increasing (48.17%). 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 29.95 (%).Trend:Decrease 17.38% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.77 (%).Trend:Decrease 3.94% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 23.66 (%).Trend:Decrease 17.76% than previous quarter

Overall: decreasing (-21.0%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial review of Q3 2020 to Q2 2021 shows significant fluctuations in working capital efficiency, cost efficiency, and investment efficiency.  Liabilities and current assets as a percentage of revenue exhibited sharp increases and decreases.  The ratio of retained earnings to revenue also displays this high volatility.  Investment efficiency shows a consistent decrease. This volatile performance suggests a critical need for strategic adjustments and in-depth analysis of the underlying factors contributing to these changes.