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


Working capital efficiency shows significant fluctuation, with liabilities on revenue increasing dramatically in Q1 2021, and current assets on revenue exhibiting a similar pattern. Cost efficiency, as measured by the retained earnings to revenue ratio, is trending downward but with notable variation between quarters.  The Selling, General, and Administrative (SG&A) expense ratio is declining, which is generally a positive indicator of cost control.  Investment efficiency shows a downward trend, but also displays significant variation across the three quarters.