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 35.58 (%).Trend:Decrease 30.37% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.38 (%).Trend:Increase 165.26% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 44.24 (%).Trend:Decrease 53.13% than previous quarter

Overall: increasing (24.34%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 12.65 (%).Trend:Decrease 38.71% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 27.65 (%).Trend:Increase 118.58% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 11.97 (%).Trend:Decrease 56.71% than previous quarter

Overall: decreasing (-5.38%). 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 -38.33 (%).Trend:Decrease 31.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -85.56 (%).Trend:Increase 123.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -36.92 (%).Trend:Decrease 56.85% than previous quarter

Overall: increasing (-3.68%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 -26.84 (%).Trend:Increase 3.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -25.72 (%).Trend:Decrease 4.17% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -23.48 (%).Trend:Decrease 8.71% than previous quarter

Overall: increasing (-12.52%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share -1.69 (USD).Trend:Increase 13.42% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 146.15% than previous quarter
Year 2021 Quarter 2: Earning Per Share 1.71 (USD).Trend:Increase 119.23% than previous quarter

Overall: increasing (-201.18%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased dramatically in Q1 2021, then decreased significantly in Q2 2021, before increasing again.  Current assets on revenue followed a similar volatile trend, decreasing sharply in several quarters.  Cost efficiency, measured by the ratio of retained earnings to revenue, also exhibited substantial fluctuation, though with a net positive overall increase.  Investment efficiency, as measured by retained earnings on assets, showed a net positive increase. Earnings per share had significant fluctuations and a net negative increase overall.