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 61.4 (%).Trend:Decrease 44.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 184.68 (%).Trend:Increase 200.78% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80.11 (%).Trend:Decrease 56.62% than previous quarter

Overall: increasing (30.47%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 382.39 (%).Trend:Increase 23.06% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1784.72 (%).Trend:Increase 366.73% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 832.67 (%).Trend:Decrease 53.34% than previous quarter

Overall: increasing (117.75%). 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 -288.22 (%).Trend:Decrease 29.92% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -930.38 (%).Trend:Increase 222.8% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -491.71 (%).Trend:Decrease 47.15% than previous quarter

Overall: decreasing (70.6%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.95 (%).Trend:Increase 0.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 49.91 (%).Trend:Increase 28.14% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 51.35 (%).Trend:Increase 2.89% than previous quarter

Overall: increasing (31.84%). Fluctuation: **Neutral** (moderate 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 -67.73 (%).Trend:Decrease 38.0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -49.12 (%).Trend:Decrease 27.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -54.58 (%).Trend:Increase 11.12% than previous quarter

Overall: increasing (-19.42%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statement analysis reveals substantial fluctuations across various key metrics from Q3 2020 to Q2 2021.  Liabilities on revenue increased from 61.4% to 184.68%, before decreasing to 80.11%, signifying substantial volatility. Current assets on revenue show a similar pattern of dramatic increases and decreases. Cost efficiency exhibits a significant decrease in the ratio of retained earnings to revenue, but with large swings. Selling, general and administrative (SG&A) expense ratios show a moderate upward trend.  Investment efficiency demonstrates an increasing trend in retained earnings on assets but with significant variability.