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 39.55 (%).Trend:Decrease 31.61% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 154.84 (%).Trend:Increase 291.5% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 67.89 (%).Trend:Decrease 56.15% than previous quarter

Overall: increasing (71.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 112.87 (%).Trend:Decrease 31.77% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 400.0 (%).Trend:Increase 254.39% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 184.1 (%).Trend:Decrease 53.98% than previous quarter

Overall: increasing (63.11%). 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 -32.1 (%).Trend:Decrease 26.41% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -159.41 (%).Trend:Increase 396.6% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -75.66 (%).Trend:Decrease 52.54% than previous quarter

Overall: decreasing (135.7%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 15.39 (%).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.54 (%).Trend:Increase 26.97% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.37 (%).Trend:Decrease 11.11% than previous quarter

Overall: increasing (12.87%). Fluctuation: **Neutral** (moderate 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 -15.04 (%).Trend:Increase 6.59% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -20.59 (%).Trend:Increase 36.9% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -21.01 (%).Trend:Increase 2.04% than previous quarter

Overall: decreasing (39.69%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -5.72 (USD).Trend:Increase 2.69% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.3 (USD).Trend:Decrease 94.76% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.37 (USD).Trend:Increase 23.33% than previous quarter

Overall: increasing (-93.53%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased substantially in Q2 2021, before a further decrease in Q3 2021. Current assets on revenue also displayed significant volatility, increasing sharply in Q1 2021 before decreasing in Q2 and Q3 2021.  Cost efficiency shows significant decreases in the ratio of retained earnings to revenue, with substantial increases and decreases between each quarter. SG&A expense ratios show a moderate increase overall. Investment efficiency indicates a significant decrease in retained earnings on assets across all quarters.  Earning per share also shows significant fluctuations, increasing slightly then significantly decreasing and increasing again.