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 10.23 (%).Trend:Decrease 20.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 49.05 (%).Trend:Increase 379.47% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 28.31 (%).Trend:Decrease 42.28% than previous quarter

Overall: increasing (176.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 58.69 (%).Trend:Decrease 48.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 423.96 (%).Trend:Increase 622.37% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 170.58 (%).Trend:Decrease 59.77% than previous quarter

Overall: increasing (190.65%). 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 -86.49 (%).Trend:Decrease 37.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -232.1 (%).Trend:Increase 168.35% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -111.02 (%).Trend:Decrease 52.17% than previous quarter

Overall: decreasing (28.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.23 (%).Trend:Decrease 5.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 49.28 (%).Trend:Increase 13.99% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.31 (%).Trend:Decrease 4.0% than previous quarter

Overall: increasing (9.44%). 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 -47.57 (%).Trend:Decrease 4.97% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -28.01 (%).Trend:Decrease 41.12% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -28.63 (%).Trend:Increase 2.21% than previous quarter

Overall: increasing (-39.82%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant fluctuation. Liabilities on revenue increased dramatically in Q1 2021, then decreased substantially in Q2 and Q3 2021, ending at a lower percentage than Q3 2020.  Current assets on revenue also show significant fluctuation, increasing sharply in Q1 2021, then decreasing in Q2 and Q3 2021. Cost efficiency shows mixed results.  The ratio of retained earnings to revenue is consistently negative and declining overall. The SG&A expense ratio shows little fluctuation, generally increasing. Investment efficiency shows significant fluctuation in retained earnings on assets, with a slight overall increase.  Earning per share is consistently negative and shows considerable fluctuation.