Working Capital Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2020 Quarter 2: Liabilities on Revenue 70.02 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 58.11 (%).Trend:Decrease 17.01% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.19 (%).Trend:Increase 93.06% than previous quarter

Overall: increasing (60.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 148.22 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.11 (%).Trend:Decrease 39.21% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 190.94 (%).Trend:Increase 111.9% than previous quarter

Overall: increasing (28.82%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2020 Quarter 2: Ratio of Retained Earnings to Revenue 21.35 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 8.36 (%).Trend:Decrease 60.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.23 (%).Trend:Increase 225.72% than previous quarter

Overall: increasing (27.54%). Fluctuation: **Significant** (high variation).

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

Invest Efficiency
The data from Quater 2 in 2020 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2020 Quarter 2: Retained Earning on Assets 8.59 (%).Trend:Decrease 29.42% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.4 (%).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.75 (%).Trend:Increase 43.52% than previous quarter

Overall: decreasing (-9.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.89 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.24 (USD).Trend:Increase 151.69% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 134.38% than previous quarter

Overall: increasing (-186.52%). Fluctuation: **Significant** (high variation).



Financial statement analysis from Q2 2020 to Q1 2021 shows significant volatility.  Liabilities on revenue initially decreased sharply, then rose significantly in Q1 2021. Current assets on revenue similarly experienced a significant decrease, followed by an increase in Q1 2021.  The ratio of retained earnings to revenue declined substantially before increasing drastically in Q1 2021.  Investment efficiency demonstrates a moderate, albeit decreasing trend. Earnings per share showed significant negative fluctuations.