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 53.83 (%).Trend:Decrease 20.87% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 147.76 (%).Trend:Increase 174.49% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 74.6 (%).Trend:Decrease 49.51% than previous quarter

Overall: increasing (38.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 75.84 (%).Trend:Decrease 26.45% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 171.51 (%).Trend:Increase 126.15% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 85.22 (%).Trend:Decrease 50.31% than previous quarter

Overall: increasing (12.37%). 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 -16.98 (%).Trend:Increase 22.69% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -41.45 (%).Trend:Increase 144.11% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -22.37 (%).Trend:Decrease 46.03% than previous quarter

Overall: decreasing (31.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 51.77 (%).Trend:Increase 9.43% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 47.32 (%).Trend:Decrease 8.6% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 48.69 (%).Trend:Increase 2.9% than previous quarter

Overall: decreasing (-5.95%). 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 -9.04 (%).Trend:Increase 66.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -7.26 (%).Trend:Decrease 19.69% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -7.82 (%).Trend:Increase 7.71% than previous quarter

Overall: increasing (-13.5%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 132.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 87.5% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.09 (USD).Trend:Increase 800.0% than previous quarter

Overall: decreasing (12.5%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased significantly in Q1 2021, then decreased substantially in Q2 and Q3 2021 before increasing again in Q1 2022. Current assets on revenue also showed a similar pattern of significant fluctuations, increasing in Q1 2021, then decreasing in Q2 and Q3 2021 before increasing again in Q1 2022. Cost efficiency shows a slightly decreasing trend in SG&A expense ratio, with little fluctuation. The ratio of retained earnings to revenue shows a significant decreasing trend. Investment efficiency shows a significant increasing trend in retained earnings on assets. Earning per share shows a significant decreasing trend with large fluctuations.