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 75.61 (%).Trend:Decrease 41.75% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 56.59 (%).Trend:Decrease 25.16% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 144.12 (%).Trend:Increase 154.67% than previous quarter

Overall: increasing (90.61%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 333.45 (%).Trend:Decrease 23.84% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 204.65 (%).Trend:Decrease 38.63% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 626.03 (%).Trend:Increase 205.9% than previous quarter

Overall: increasing (87.74%). 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 -321.24 (%).Trend:Decrease 36.01% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -224.16 (%).Trend:Decrease 30.22% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -595.05 (%).Trend:Increase 165.46% than previous quarter

Overall: decreasing (85.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.89 (%).Trend:Increase 11.19% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 48.22 (%).Trend:Decrease 3.35% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 44.14 (%).Trend:Decrease 8.46% than previous quarter

Overall: decreasing (-11.53%). 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 -68.71 (%).Trend:Decrease 7.37% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -77.72 (%).Trend:Increase 13.11% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -70.78 (%).Trend:Decrease 8.93% than previous quarter

Overall: decreasing (3.01%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements reveal significant volatility in working capital metrics. Liabilities on revenue increased substantially in Q1 2021, while current assets on revenue also show considerable increases and decreases across the quarters. Cost efficiency, as measured by the retained earnings-to-revenue ratio, is consistently decreasing, but with substantial fluctuations.  SG&A expense is steadily decreasing, suggesting potential cost-cutting efforts. Investment efficiency also displays considerable variation, with a declining overall trend.  These variations necessitate a thorough analysis to determine their causes and implications for future performance.