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 35.18 (%).Trend:Decrease 50.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 113.5 (%).Trend:Increase 222.63% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 80.25 (%).Trend:Decrease 29.3% than previous quarter

Overall: increasing (128.11%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 42.79 (%).Trend:Decrease 52.9% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 89.03 (%).Trend:Increase 108.06% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 44.07 (%).Trend:Decrease 50.5% than previous quarter

Overall: increasing (2.99%). 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 -291.13 (%).Trend:Decrease 33.34% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -665.57 (%).Trend:Increase 128.62% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -338.45 (%).Trend:Decrease 49.15% than previous quarter

Overall: decreasing (16.25%). 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 -100.83 (%).Trend:Increase 12.26% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -123.18 (%).Trend:Increase 22.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -130.87 (%).Trend:Increase 6.24% than previous quarter

Overall: decreasing (29.79%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased in Q2 and Q3 2021, before increasing again in Q1 2022.  Current assets on revenue also experienced significant fluctuations, increasing in Q1 2021 then decreasing in Q2 and Q3 2021 before increasing again in Q1 2022.  Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a consistent decrease, though with significant quarter-to-quarter variations.  Investment efficiency, as measured by retained earnings on assets, shows a consistent decrease, though with significant quarter-to-quarter variations.