Working Capital Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 1: Liabilities on Revenue 56.68 (%).Trend:Increase 218.43% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 27.07 (%).Trend:Decrease 52.24% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.36 (%).Trend:Decrease 32.18% than previous quarter

Overall: decreasing (-67.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 78.6 (%).Trend:Increase 240.55% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 40.86 (%).Trend:Decrease 48.02% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.28 (%).Trend:Decrease 21.0% than previous quarter

Overall: decreasing (-58.93%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 1: Ratio of Retained Earnings to Revenue -392.63 (%).Trend:Increase 200.68% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -207.72 (%).Trend:Decrease 47.1% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -138.76 (%).Trend:Decrease 33.2% than previous quarter

Overall: increasing (-64.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 17.41 (%).Trend:Increase 4.5% than previous quarter
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.73 (%).Trend:Increase 1.84% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.86 (%).Trend:Increase 0.73% than previous quarter

Overall: increasing (2.58%). Fluctuation: **Little** (low variation).


Invest Efficiency
The data from Quater 1 in 2020 to Quater 3 in 2020 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 1: Retained Earning on Assets -121.76 (%).Trend:Decrease 1.5% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -121.53 (%).Trend:Decrease 0.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -116.47 (%).Trend:Decrease 4.16% than previous quarter

Overall: increasing (-4.34%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q1-Q3 2020 reveal significant volatility in working capital efficiency. Liabilities on revenue decreased substantially from Q1 to Q3 2020, but with a significant increase in Q1 2021.  Current assets on revenue also show a similar trend, decreasing then increasing substantially in Q1 2021. Cost efficiency reveals substantial fluctuation in the ratio of retained earnings to revenue, while the SG&A expense ratio is trending upward. Invest efficiency (retained earning on assets) is also characterized by significant volatility.  No data is available on earning per share.