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 42.47 (%).Trend:Decrease 51.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.44 (%).Trend:Decrease 40.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 83.57 (%).Trend:Increase 228.5% than previous quarter

Overall: increasing (96.77%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 48.54 (%).Trend:Decrease 54.68% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.02 (%).Trend:Decrease 34.03% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 81.38 (%).Trend:Increase 154.15% than previous quarter

Overall: increasing (67.66%). 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 -11.43 (%).Trend:Decrease 61.98% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -7.6 (%).Trend:Decrease 33.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -26.89 (%).Trend:Increase 253.82% than previous quarter

Overall: decreasing (135.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 9.88 (%).Trend:Decrease 26.16% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 9.73 (%).Trend:Decrease 1.52% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 11.26 (%).Trend:Increase 15.72% than previous quarter

Overall: increasing (13.97%). 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 -11.79 (%).Trend:Decrease 7.6% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -11.64 (%).Trend:Decrease 1.27% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -11.4 (%).Trend:Decrease 2.06% than previous quarter

Overall: increasing (-3.31%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency shows significant fluctuations. Liabilities on revenue decreased from Q2 2020 to Q3 2020, then increased sharply in Q1 2021 before decreasing again.  Current assets on revenue also exhibit significant fluctuations, decreasing in Q2 and Q3 2020, then increasing substantially in Q1 2021 before decreasing again.  Cost efficiency is marked by a significant decrease in the ratio of retained earnings to revenue, then a substantial increase in Q1 2021 before decreasing again. The SG&A expense ratio shows relatively little fluctuation, increasing slightly overall.  Investment efficiency displays a slight increase in retained earnings on assets, with significant fluctuation throughout the period.  Earning per share data is not provided, so it is not analyzed.