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 26.45 (%).Trend:Decrease 37.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 71.07 (%).Trend:Increase 168.7% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 35.63 (%).Trend:Decrease 49.87% than previous quarter

Overall: increasing (34.71%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 41.93 (%).Trend:Decrease 54.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 92.36 (%).Trend:Increase 120.27% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 54.1 (%).Trend:Decrease 41.42% than previous quarter

Overall: increasing (29.02%). 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 -16.71 (%).Trend:Increase 516.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -75.07 (%).Trend:Increase 349.25% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -35.24 (%).Trend:Decrease 53.06% than previous quarter

Overall: decreasing (110.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 37.75 (%).Trend:Decrease 4.36% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 33.74 (%).Trend:Decrease 10.62% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 33.16 (%).Trend:Decrease 1.72% than previous quarter

Overall: decreasing (-12.16%). Fluctuation: **Little** (low 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 -23.63 (%).Trend:Increase 1093.43% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -42.27 (%).Trend:Increase 78.88% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -36.28 (%).Trend:Decrease 14.17% than previous quarter

Overall: decreasing (53.53%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.36 (USD).Trend:Decrease 32.0% than previous quarter
Year 2021 Quarter 2: Earning Per Share 2.7 (USD).Trend:Increase 98.53% than previous quarter

Overall: increasing (35.0%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation. Liabilities on revenue increased dramatically in Q1 2021, then decreased substantially in Q2 and Q3 2021, before increasing again in Q1 2022.  Current assets on revenue also show a similar pattern of significant increases and decreases. Cost efficiency shows a consistent decrease in the SG&A expense ratio, while the ratio of retained earnings to revenue is decreasing with high variability.  Investment efficiency is also decreasing but with notable fluctuation. Earnings per share shows a mix of increases and decreases.