Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 52.14 (%).Trend:Decrease 63.63% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 69.56 (%).Trend:Increase 33.41% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 287.8 (%).Trend:Increase 313.74% than previous quarter

Overall: increasing (451.98%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 313.61 (%).Trend:Decrease 58.36% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 237.36 (%).Trend:Decrease 24.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 757.69 (%).Trend:Increase 219.22% than previous quarter

Overall: increasing (141.6%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 187.53 (%).Trend:Decrease 56.57% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 117.19 (%).Trend:Decrease 37.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 306.96 (%).Trend:Increase 161.93% than previous quarter

Overall: increasing (63.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.43 (%).Trend:Decrease 9.92% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18.57 (%).Trend:Increase 6.54% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.2 (%).Trend:Decrease 7.38% than previous quarter

Overall: decreasing (-1.32%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 50.31 (%).Trend:Increase 1.86% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 42.39 (%).Trend:Decrease 15.74% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 35.99 (%).Trend:Decrease 15.1% than previous quarter

Overall: decreasing (-28.46%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.84 (USD).Trend:Decrease 3.66% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.27 (USD).Trend:Increase 23.37% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 97.8% than previous quarter

Overall: increasing (-97.28%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased dramatically from Q2 2020 to Q1 2021, then decreased in Q2 2021.  Current assets on revenue also increased significantly, with substantial fluctuations throughout the period. Cost efficiency shows a slight overall decrease in SG&A expense ratio, with little fluctuation.  The ratio of retained earnings to revenue increased overall but with significant volatility. Investment efficiency reveals a consistent decrease in retained earnings on assets, with moderate variation. Earning per share saw large fluctuations, increasing from a negative value in Q2 and Q3 2020 to a positive value in Q1 2021, then experiencing a large decrease in Q2 2021 followed by a substantial increase in Q3 2021.