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 116.0 (%).Trend:Increase 200.05% than previous quarter
Year 2020 Quarter 2: Liabilities on Revenue 60.96 (%).Trend:Decrease 47.45% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 41.26 (%).Trend:Decrease 32.32% than previous quarter

Overall: decreasing (-64.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 1: Current assets on Revenue 301.97 (%).Trend:Increase 215.51% than previous quarter
Year 2020 Quarter 2: Current assets on Revenue 188.57 (%).Trend:Decrease 37.55% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 135.85 (%).Trend:Decrease 27.96% than previous quarter

Overall: decreasing (-55.01%). 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 -115.2 (%).Trend:Increase 177.32% than previous quarter
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue -60.97 (%).Trend:Decrease 47.07% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -35.42 (%).Trend:Decrease 41.91% than previous quarter

Overall: increasing (-69.25%). Fluctuation: **Significant** (high variation).

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

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 -23.97 (%).Trend:Decrease 27.84% than previous quarter
Year 2020 Quarter 2: Retained Earning on Assets -22.35 (%).Trend:Decrease 6.76% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -19.0 (%).Trend:Decrease 14.99% than previous quarter

Overall: increasing (-20.73%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements reveal significant volatility in working capital efficiency. Liabilities on revenue decreased substantially over the three quarters, but then significantly rebounded.  Current assets on revenue also show a substantial decrease in the first half of 2020, followed by a large increase in the first quarter of 2021.  Cost efficiency demonstrates a consistent increase in the ratio of retained earnings to revenue.  Investment efficiency, on the other hand, shows a consistent decrease in retained earnings on assets over the three quarters.