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 37.03 (%).Trend:Decrease 47.96% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 46.09 (%).Trend:Increase 24.47% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 78.92 (%).Trend:Increase 71.23% than previous quarter

Overall: increasing (113.12%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 71.38 (%).Trend:Decrease 50.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 45.48 (%).Trend:Decrease 36.28% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 171.44 (%).Trend:Increase 276.96% than previous quarter

Overall: increasing (140.18%). 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 13.0 (%).Trend:Decrease 51.69% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 10.0 (%).Trend:Decrease 23.08% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 53.62 (%).Trend:Increase 436.2% than previous quarter

Overall: increasing (312.46%). 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 5.67 (%).Trend:Decrease 10.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.32 (%).Trend:Increase 11.46% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 9.94 (%).Trend:Increase 57.28% than previous quarter

Overall: increasing (75.31%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 109.0% than previous quarter

Overall: increasing (-109.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show significant fluctuations in working capital efficiency.  Liabilities on revenue increased from Q2 to Q1, but current assets on revenue show substantial increases and decreases. Cost efficiency, as measured by the ratio of retained earnings to revenue, experiences an upward trend with large variance. Investment efficiency, in terms of retained earnings on assets, shows an increase.  Earnings per share exhibit a complex pattern of increases and decreases.