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

Liabilities on Revenue
Year 2019 Quarter 3: Liabilities on Revenue 23.94 (%).Trend:Decrease 29.65% than previous quarter
Year 2020 Quarter 1: Liabilities on Revenue 76.43 (%).Trend:Increase 219.26% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 37.88 (%).Trend:Decrease 50.44% than previous quarter

Overall: increasing (58.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 3: Current assets on Revenue 51.43 (%).Trend:Decrease 24.32% than previous quarter
Year 2020 Quarter 1: Current assets on Revenue 144.39 (%).Trend:Increase 180.75% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 73.79 (%).Trend:Decrease 48.9% than previous quarter

Overall: increasing (43.48%). Fluctuation: **Significant** (high variation).


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

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 30.11 (%).Trend:Decrease 28.95% than previous quarter
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue 97.18 (%).Trend:Increase 222.75% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 47.78 (%).Trend:Decrease 50.83% than previous quarter

Overall: increasing (58.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 5.51 (%).Trend:Increase 8.04% than previous quarter
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4.94 (%).Trend:Decrease 10.34% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.27 (%).Trend:Increase 6.68% than previous quarter

Overall: decreasing (-4.36%). Fluctuation: **Little** (low variation).


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

Retained Earning on Assets
Year 2019 Quarter 3: Retained Earning on Assets 15.16 (%).Trend:Decrease 2.32% than previous quarter
Year 2020 Quarter 1: Retained Earning on Assets 16.25 (%).Trend:Increase 7.19% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets 15.76 (%).Trend:Decrease 3.02% than previous quarter

Overall: increasing (3.96%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2019 Quarter 3: Earning Per Share -1.16 (USD).Trend:Increase 30.34% than previous quarter
Year 2020 Quarter 1: Earning Per Share -0.38 (USD).Trend:Decrease 67.24% than previous quarter
Year 2020 Quarter 2: Earning Per Share -0.59 (USD).Trend:Increase 55.26% than previous quarter

Overall: increasing (-49.14%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased dramatically in Q1 2020, then decreased significantly in Q2 2020 before increasing again in Q1 2021.  Similarly, current assets on revenue show a volatile trend, fluctuating considerably throughout the period. Cost efficiency reveals a decreasing trend in SG&A expense ratio but high variation.  Retained earnings to revenue ratio shows significant increases and decreases.  Investment efficiency shows little fluctuation in retained earnings on assets. Earnings per share also show considerable fluctuations, with a general increasing trend.