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 96.53 (%).Trend:Decrease 50.28% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 66.44 (%).Trend:Decrease 31.17% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 159.1 (%).Trend:Increase 139.46% than previous quarter

Overall: increasing (64.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 129.55 (%).Trend:Decrease 49.91% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 94.5 (%).Trend:Decrease 27.06% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 232.62 (%).Trend:Increase 146.16% than previous quarter

Overall: increasing (79.56%). 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 -489.35 (%).Trend:Decrease 46.99% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -325.31 (%).Trend:Decrease 33.52% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -811.7 (%).Trend:Increase 149.52% than previous quarter

Overall: decreasing (65.87%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 25.42 (%).Trend:Increase 0.39% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.9 (%).Trend:Increase 1.89% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.05 (%).Trend:Decrease 7.14% than previous quarter

Overall: decreasing (-5.39%). Fluctuation: **Little** (low variation).


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 -240.42 (%).Trend:Increase 4.5% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -223.65 (%).Trend:Decrease 6.98% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -234.51 (%).Trend:Increase 4.86% than previous quarter

Overall: increasing (-2.46%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements for Q2 2020 to Q1 2021 highlight significant volatility in financial performance.  Working capital efficiency, as measured by liabilities and current assets on revenue, is increasing but with large quarterly variations. Cost efficiency, as measured by the ratio of retained earnings to revenue, is decreasing but also with substantial quarterly swings. SG&A expense ratio shows a decreasing trend with minimal variation.  Investment efficiency is increasing overall, but with significant quarterly differences, as is earnings per share.