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 62.65 (%).Trend:Decrease 33.87% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 198.17 (%).Trend:Increase 216.31% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 97.78 (%).Trend:Decrease 50.66% than previous quarter

Overall: increasing (56.07%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 122.25 (%).Trend:Decrease 31.96% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 389.63 (%).Trend:Increase 218.72% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 188.7 (%).Trend:Decrease 51.57% than previous quarter

Overall: increasing (54.36%). 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 -167.24 (%).Trend:Decrease 34.92% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -564.05 (%).Trend:Increase 237.27% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -260.7 (%).Trend:Decrease 53.78% than previous quarter

Overall: decreasing (55.88%). 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 -98.28 (%).Trend:Decrease 2.67% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -103.57 (%).Trend:Increase 5.38% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -99.67 (%).Trend:Decrease 3.77% than previous quarter

Overall: decreasing (1.41%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 reveals significant volatility.  Liabilities on revenue decreased in Q3 2020, spiked in Q1 2021, and declined again in Q2 2021.  Current assets on revenue show a similar pattern of initial decrease, a surge in Q1 2021, and a decline in Q2 2021.  Cost efficiency, measured by the ratio of retained earnings to revenue, demonstrates a consistent downward trend, with a marked increase in Q1 2021 and subsequent decrease. Investment efficiency, with the retained earnings on assets measure, follows a gradual downward trajectory.