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 19.67 (%).Trend:Decrease 56.28% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 16.68 (%).Trend:Decrease 15.2% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.7 (%).Trend:Increase 227.94% than previous quarter

Overall: increasing (178.09%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 184.15 (%).Trend:Decrease 51.57% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 125.33 (%).Trend:Decrease 31.94% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 205.29 (%).Trend:Increase 63.8% than previous quarter

Overall: increasing (11.48%). Fluctuation: **Neutral** (moderate 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 -203.01 (%).Trend:Decrease 49.7% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -129.7 (%).Trend:Decrease 36.11% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -271.11 (%).Trend:Increase 109.03% than previous quarter

Overall: decreasing (33.55%). 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 -89.64 (%).Trend:Increase 3.64% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -85.29 (%).Trend:Decrease 4.85% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -67.92 (%).Trend:Decrease 20.37% than previous quarter

Overall: increasing (-24.23%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.2 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.23 (USD).Trend:Increase 15.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.02 (USD).Trend:Decrease 108.7% than previous quarter

Overall: increasing (-110.0%). Fluctuation: **Significant** (high variation).



From Q2 2020 to Q1 2021, liabilities on revenue increased significantly (178.09%), while current assets on revenue showed a smaller increase (11.48%). The ratio of retained earnings to revenue decreased significantly (-33.55%). Retained earnings on assets increased (-24.23%), and earnings per share increased (-110%), suggesting a turnaround, but remaining in negative territory.  High fluctuation is evident across all metrics.