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 1364.74 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1728.26 (%).Trend:Increase 26.64% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 803.61 (%).Trend:Decrease 53.5% than previous quarter

Overall: decreasing (-41.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 1503.28 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 2796.07 (%).Trend:Increase 86.0% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 1257.31 (%).Trend:Decrease 55.03% than previous quarter

Overall: decreasing (-16.36%). 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 -664.71 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -2029.91 (%).Trend:Increase 205.38% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -1007.26 (%).Trend:Decrease 50.38% than previous quarter

Overall: decreasing (51.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 106.38 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 65.89 (%).Trend:Decrease 38.06% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 68.42 (%).Trend:Increase 3.84% than previous quarter

Overall: decreasing (-35.68%). Fluctuation: **Significant** (high variation).


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 -25.8 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -40.72 (%).Trend:Increase 57.83% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -43.94 (%).Trend:Increase 7.91% than previous quarter

Overall: decreasing (70.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -7.24 (USD).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.82 (USD).Trend:Decrease 111.33% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.45 (USD).Trend:Decrease 45.12% than previous quarter

Overall: increasing (-106.22%). Fluctuation: **Significant** (high variation).



Financial performance from Q3 2020 to Q2 2021 shows considerable quarter-to-quarter fluctuations. Liabilities on revenue show a decrease overall, although with significant volatility. Current assets on revenue also display a decrease overall with significant quarter-to-quarter changes. Cost efficiency metrics, such as the ratio of retained earnings to revenue and SG&A expense ratio, are missing, preventing analysis of those aspects.  Invest efficiency, represented by retained earnings on assets and earnings per share, shows a decreasing trend with significant volatility.