Working Capital Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 2: Liabilities on Revenue 21.62 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.85 (%).Trend:Decrease 26.69% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 97.39 (%).Trend:Increase 514.45% than previous quarter

Overall: increasing (350.46%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 150.68 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 101.29 (%).Trend:Decrease 32.78% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 490.69 (%).Trend:Increase 384.44% than previous quarter

Overall: increasing (225.65%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 2: Ratio of Retained Earnings to Revenue 221.74 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 151.27 (%).Trend:Decrease 31.78% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 604.77 (%).Trend:Increase 299.8% than previous quarter

Overall: increasing (172.74%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 2: Retained Earning on Assets 31.66 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 32.68 (%).Trend:Increase 3.22% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 30.44 (%).Trend:Decrease 6.85% than previous quarter

Overall: decreasing (-3.85%). Fluctuation: **Little** (low variation).

Earning Per Share


Working capital efficiency shows significant fluctuation. Liabilities on revenue increased substantially in Q1 2020, then decreased significantly in Q2 2021, before another significant decrease in Q3 2021.  Current assets on revenue also show a similar pattern of significant increases and decreases throughout the period. Cost efficiency, measured by the ratio of retained earnings to revenue, displays significant fluctuation, with large increases and decreases over the three quarters. Investment efficiency, as measured by retained earnings on assets, shows a small decrease overall with little fluctuation.  Overall, financial performance appears volatile.