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 29.45 (%).Trend:Decrease 19.4% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 88.69 (%).Trend:Increase 201.15% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.59 (%).Trend:Decrease 49.72% than previous quarter

Overall: increasing (51.41%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 79.88 (%).Trend:Decrease 29.89% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 225.51 (%).Trend:Increase 182.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 110.87 (%).Trend:Decrease 50.84% than previous quarter

Overall: increasing (38.8%). 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 -245.6 (%).Trend:Decrease 39.74% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -790.4 (%).Trend:Increase 221.82% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -372.28 (%).Trend:Decrease 52.9% than previous quarter

Overall: decreasing (51.58%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 52.91 (%).Trend:Decrease 4.41% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 62.5 (%).Trend:Increase 18.13% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 62.47 (%).Trend:Decrease 0.05% than previous quarter

Overall: increasing (18.07%). Fluctuation: **Little** (low 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 -112.04 (%).Trend:Decrease 5.69% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -110.38 (%).Trend:Decrease 1.48% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -107.64 (%).Trend:Decrease 2.48% than previous quarter

Overall: increasing (-3.93%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q3 2020 to Q2 2021 indicates significant volatility across various key metrics.  Liabilities and current assets on revenue show dramatic fluctuations.  Cost efficiency appears problematic, with a large negative ratio of retained earnings to revenue.  The selling, general, and administrative (SG&A) expense ratio, on the other hand, displays relatively modest increases with minor changes over time.  Investment efficiency exhibits some increases in retained earnings on assets, though this is offset by substantial fluctuations over the period.