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 16.28 (%).Trend:Decrease 22.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46.33 (%).Trend:Increase 184.58% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 25.01 (%).Trend:Decrease 46.02% than previous quarter

Overall: increasing (53.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 52.87 (%).Trend:Decrease 29.4% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 142.36 (%).Trend:Increase 169.26% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 62.51 (%).Trend:Decrease 56.09% than previous quarter

Overall: increasing (18.23%). 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 9.59 (%).Trend:Decrease 39.3% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.78 (%).Trend:Decrease 8.45% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 3.66 (%).Trend:Decrease 58.31% than previous quarter

Overall: decreasing (-61.84%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.66 (%).Trend:Increase 0% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 28.64 (%).Trend:Decrease 6.59% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.26 (%).Trend:Decrease 15.29% than previous quarter

Overall: decreasing (-20.87%). 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 7.71 (%).Trend:Decrease 12.29% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.56 (%).Trend:Decrease 66.8% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 2.54 (%).Trend:Decrease 0.78% than previous quarter

Overall: decreasing (-67.06%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.39 (USD).Trend:Increase 32.38% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.49 (USD).Trend:Decrease 64.75% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.46 (USD).Trend:Decrease 6.12% than previous quarter

Overall: increasing (-66.91%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased, followed by another decrease in Q2 2021.  Current assets on revenue followed a similar pattern of substantial increases and decreases across the quarters. Cost efficiency reveals a consistent downward trend in the ratio of retained earnings to revenue and the SG&A expense ratio.  Investment efficiency shows a slight increase in retained earnings on assets, but overall the trend is negative. Earning per share shows significant variation, trending upwards with negative values.