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 59.02 (%).Trend:Decrease 28.75% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 171.37 (%).Trend:Increase 190.36% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 95.23 (%).Trend:Decrease 44.43% than previous quarter

Overall: increasing (61.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 215.36 (%).Trend:Decrease 33.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 486.26 (%).Trend:Increase 125.79% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 240.87 (%).Trend:Decrease 50.46% than previous quarter

Overall: increasing (11.85%). 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 -74.13 (%).Trend:Decrease 32.97% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -179.95 (%).Trend:Increase 142.75% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -89.65 (%).Trend:Decrease 50.18% than previous quarter

Overall: decreasing (20.94%). 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 -24.94 (%).Trend:Increase 1.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -25.7 (%).Trend:Increase 3.05% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -26.3 (%).Trend:Increase 2.33% than previous quarter

Overall: decreasing (5.45%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased substantially in Q2 and Q3 2021, before increasing again in Q1 2022.  Current assets on revenue also exhibit significant fluctuations, increasing sharply in Q1 2021, then declining in subsequent quarters, before rising again in Q1 2022. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a significant decreasing trend overall, with substantial quarterly variations. Investment efficiency, as measured by retained earnings on assets, is also decreasing overall with notable quarterly fluctuations.  Further analysis is needed to understand the underlying causes of these trends.