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 22.03 (%).Trend:Decrease 30.13% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 52.86 (%).Trend:Increase 139.95% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 29.92 (%).Trend:Decrease 43.4% than previous quarter

Overall: increasing (35.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 26.87 (%).Trend:Decrease 31.66% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 66.67 (%).Trend:Increase 148.12% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 32.45 (%).Trend:Decrease 51.33% than previous quarter

Overall: increasing (20.77%). 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 36.54 (%).Trend:Decrease 37.65% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 71.43 (%).Trend:Increase 95.48% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 31.56 (%).Trend:Decrease 55.82% than previous quarter

Overall: decreasing (-13.63%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 2.33 (%).Trend:Increase 1.75% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 1.89 (%).Trend:Decrease 18.88% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.73 (%).Trend:Decrease 8.47% than previous quarter

Overall: decreasing (-25.75%). 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 32.12 (%).Trend:Decrease 6.0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 27.84 (%).Trend:Decrease 13.33% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 26.93 (%).Trend:Decrease 3.27% than previous quarter

Overall: decreasing (-16.16%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -7.83 (USD).Trend:Increase 30.5% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.49 (USD).Trend:Decrease 80.97% than previous quarter
Year 2021 Quarter 2: Earning Per Share -0.83 (USD).Trend:Decrease 44.3% than previous quarter

Overall: increasing (-89.4%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in liabilities and current assets on revenue from Q3 2020 to Q2 2021.  Liabilities on revenue increased significantly from Q3 2020 to Q1 2021, then decreased in Q2 2021.  Current assets on revenue also show a similar pattern of substantial increases and decreases.  Cost efficiency, measured by the ratio of retained earnings to revenue, shows a significant decrease overall.  SG&A expense ratio is decreasing. Invest efficiency, as measured by retained earnings on assets, shows a consistent decline. Earnings per share saw a notable increase in Q3 2020 compared to the prior quarter but have since decreased.