Working Capital Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2021 Quarter 1: Liabilities on Revenue 287.8 (%).Trend:Increase 313.74% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 158.11 (%).Trend:Decrease 45.06% than previous quarter
Year 2021 Quarter 3: Liabilities on Revenue 94.93 (%).Trend:Decrease 39.96% than previous quarter

Overall: decreasing (-67.02%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2021 Quarter 1: Current assets on Revenue 757.69 (%).Trend:Increase 219.22% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 341.0 (%).Trend:Decrease 54.99% than previous quarter
Year 2021 Quarter 3: Current assets on Revenue 195.96 (%).Trend:Decrease 42.53% than previous quarter

Overall: decreasing (-74.14%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 306.96 (%).Trend:Increase 161.93% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue 115.59 (%).Trend:Decrease 62.34% than previous quarter
Year 2021 Quarter 3: Ratio of Retained Earnings to Revenue 64.07 (%).Trend:Decrease 44.57% than previous quarter

Overall: decreasing (-79.13%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.2 (%).Trend:Decrease 7.38% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.16 (%).Trend:Decrease 23.49% than previous quarter
Year 2021 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 10.48 (%).Trend:Decrease 20.36% than previous quarter

Overall: decreasing (-39.07%). Fluctuation: **Neutral** (moderate variation).


Invest Efficiency
The data from Quater 1 in 2021 to Quater 3 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2021 Quarter 1: Retained Earning on Assets 35.99 (%).Trend:Decrease 15.1% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets 30.41 (%).Trend:Decrease 15.5% than previous quarter
Year 2021 Quarter 3: Retained Earning on Assets 29.59 (%).Trend:Decrease 2.7% than previous quarter

Overall: decreasing (-17.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2021 Quarter 1: Earning Per Share -0.05 (USD).Trend:Decrease 97.8% than previous quarter
Year 2021 Quarter 2: Earning Per Share 0.31 (USD).Trend:Decrease 720.0% than previous quarter
Year 2021 Quarter 3: Earning Per Share 0.91 (USD).Trend:Increase 193.55% than previous quarter

Overall: increasing (-1920.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue decreased significantly in Q1-Q3 2021, from 287.8% to 94.93%, then increased in Q2 2022 to 224.05%. Current assets on revenue also decreased significantly, from 757.69% in Q1 2021 to 195.96% in Q3 2021, and then increased in Q2 2022 to 442.48%. Cost efficiency shows significant decreases in the ratio of retained earnings to revenue and SG&A expense ratio, but a neutral fluctuation in investment efficiency. Earning per share decreased dramatically in Q1 2021, then increased in Q2 and Q3 2021 showing significant variation.