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 37.95 (%).Trend:Decrease 32.94% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 129.33 (%).Trend:Increase 240.79% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 63.14 (%).Trend:Decrease 51.18% than previous quarter

Overall: increasing (66.38%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 52.8 (%).Trend:Decrease 31.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 162.26 (%).Trend:Increase 207.31% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 79.36 (%).Trend:Decrease 51.09% than previous quarter

Overall: increasing (50.3%). 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 -40.16 (%).Trend:Decrease 8.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -151.49 (%).Trend:Increase 277.22% than previous quarter
Year 2021 Quarter 2: Ratio of Retained Earnings to Revenue -65.68 (%).Trend:Decrease 56.64% than previous quarter

Overall: decreasing (63.55%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 32.45 (%).Trend:Increase 0.5% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.36 (%).Trend:Decrease 0.28% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.99 (%).Trend:Decrease 4.23% than previous quarter

Overall: decreasing (-4.5%). 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 -19.72 (%).Trend:Increase 51.93% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -22.27 (%).Trend:Increase 12.93% than previous quarter
Year 2021 Quarter 2: Retained Earning on Assets -19.72 (%).Trend:Decrease 11.45% than previous quarter

Overall: stable (-0.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements reveal significant volatility in working capital efficiency. Liabilities and current assets on revenue fluctuate drastically, with large increases and decreases over the three quarters. Cost efficiency shows a generally decreasing trend in the SG&A expense ratio, but with little variation. The retained earnings-to-revenue ratio experiences substantial declines. Investment efficiency exhibits stable, albeit significantly fluctuating, retained earnings on assets.  These findings suggest considerable instability in financial performance across various key metrics.