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 45.36 (%).Trend:Decrease 29.01% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.97 (%).Trend:Decrease 40.54% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.19 (%).Trend:Increase 119.47% than previous quarter

Overall: increasing (30.49%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 44.94 (%).Trend:Decrease 73.13% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 29.41 (%).Trend:Decrease 34.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 79.27 (%).Trend:Increase 169.53% than previous quarter

Overall: increasing (76.39%). 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 -100.08 (%).Trend:Increase 1.23% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -59.43 (%).Trend:Decrease 40.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -124.79 (%).Trend:Increase 109.98% than previous quarter

Overall: decreasing (24.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.31 (%).Trend:Increase 23.19% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 27.08 (%).Trend:Decrease 4.34% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.36 (%).Trend:Decrease 17.43% than previous quarter

Overall: decreasing (-21.02%). Fluctuation: **Neutral** (moderate 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 -17.45 (%).Trend:Increase 62.02% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -18.04 (%).Trend:Increase 3.38% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.52 (%).Trend:Increase 2.66% than previous quarter

Overall: decreasing (6.13%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 200.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.38 (USD).Trend:Decrease 109.5% than previous quarter

Overall: increasing (-112.67%). Fluctuation: **Significant** (high variation).



Working capital efficiency for Q2 2020 to Q1 2021 displays significant fluctuations. Liabilities on revenue initially decrease then increased by a large margin in Q1 2021. Current assets on revenue also initially decrease, then increased dramatically in Q1 2021.  Cost efficiency shows substantial variation in the ratio of retained earnings to revenue, exhibiting a decrease. The SG&A expense ratio trended downward, though with moderate fluctuation. Invest efficiency demonstrates a continuing downward trend in retained earnings on assets. Earnings per share experienced a significant increase/decrease, with extreme fluctuations.