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 73.16 (%).Trend:Decrease 14.44% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 315.0 (%).Trend:Increase 330.56% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 129.81 (%).Trend:Decrease 58.79% than previous quarter

Overall: increasing (77.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 234.66 (%).Trend:Decrease 31.4% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 543.31 (%).Trend:Increase 131.53% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 225.08 (%).Trend:Decrease 58.57% than previous quarter

Overall: decreasing (-4.08%). 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 -3.5 (%).Trend:Decrease 46.15% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.3 (%).Trend:Decrease 337.14% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 21.5 (%).Trend:Increase 159.04% than previous quarter

Overall: increasing (-714.29%). 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 -1.28 (%).Trend:Decrease 21.47% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 1.32 (%).Trend:Decrease 203.12% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 8.12 (%).Trend:Increase 515.15% than previous quarter

Overall: increasing (-734.37%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 indicates substantial fluctuations in working capital efficiency metrics.  Liabilities on revenue show a significant increase from Q3 2020 to Q1 2021, followed by a sharp decrease in Q2 2021.  Conversely, current assets on revenue decreased from Q3 2020, increased dramatically in Q1 2021, and decreased again in Q2 2021.  Cost efficiency, represented by the ratio of retained earnings to revenue, shows a highly variable upward trend. Invest efficiency, calculated using retained earnings on assets, also exhibits significant volatility.  These findings highlight a potentially unstable financial performance and the need for further investigation into the underlying causes of these significant fluctuations.