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 21.28 (%).Trend:Decrease 83.82% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 38.93 (%).Trend:Increase 82.94% than previous quarter
Year 2021 Quarter 2: Liabilities on Revenue 22.96 (%).Trend:Decrease 41.02% than previous quarter

Overall: increasing (7.89%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 3: Current assets on Revenue 33.28 (%).Trend:Decrease 20.84% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 67.46 (%).Trend:Increase 102.7% than previous quarter
Year 2021 Quarter 2: Current assets on Revenue 40.13 (%).Trend:Decrease 40.51% than previous quarter

Overall: increasing (20.58%). 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
Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.23 (%).Trend:Increase 4.18% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 5.28 (%).Trend:Decrease 15.25% than previous quarter
Year 2021 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.08 (%).Trend:Decrease 3.79% than previous quarter

Overall: decreasing (-18.46%). 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
Earning Per Share


The financial statements reveal fluctuating trends in working capital efficiency. Liabilities on revenue increased significantly in Q1 2021 and then decreased in Q2 and Q3 2021.  Current assets on revenue also demonstrated a significant increase in Q1 2021, followed by substantial drops in Q2 and Q3 2021. Cost efficiency, as indicated by the SG&A expense ratio, shows a consistent decrease.  The significant variations in working capital metrics necessitate further investigation into the underlying causes.