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 18.27 (%).Trend:Decrease 10.66% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.61 (%).Trend:Increase 319.32% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 65.12 (%).Trend:Decrease 15.0% than previous quarter

Overall: increasing (256.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 168.81 (%).Trend:Decrease 18.09% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 472.21 (%).Trend:Increase 179.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 248.6 (%).Trend:Decrease 47.35% than previous quarter

Overall: increasing (47.27%). 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 -46.47 (%).Trend:Decrease 28.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -89.24 (%).Trend:Increase 92.04% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -42.62 (%).Trend:Decrease 52.24% than previous quarter

Overall: increasing (-8.28%). 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 -17.32 (%).Trend:Decrease 8.79% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -13.17 (%).Trend:Decrease 23.96% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -12.28 (%).Trend:Decrease 6.76% than previous quarter

Overall: increasing (-29.1%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q3 2020 to Q2 2021 financial data reveals significant fluctuations in working capital efficiency. Liabilities on revenue increased by 256.43%, although there was a decrease in Q2 2021.  Current assets on revenue showed a less dramatic overall increase (47.27%) with considerable variation, with large decreases in Q1 and Q2 2021. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a trend of increasing losses (-8.28%) with wide variations.  Investment efficiency, as measured by retained earnings on assets, displayed an increasing trend (-29.1%) with substantial swings. The overall financial performance shows high volatility in key performance indicators.