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 44.21 (%).Trend:Decrease 56.34% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 28.13 (%).Trend:Decrease 36.37% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 83.27 (%).Trend:Increase 196.02% than previous quarter

Overall: increasing (88.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 30.41 (%).Trend:Decrease 55.73% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 16.67 (%).Trend:Decrease 45.18% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 29.9 (%).Trend:Increase 79.36% than previous quarter

Overall: decreasing (-1.68%). 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 -201.48 (%).Trend:Decrease 34.01% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -140.03 (%).Trend:Decrease 30.5% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -427.79 (%).Trend:Increase 205.5% than previous quarter

Overall: decreasing (112.32%). 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 -88.5 (%).Trend:Increase 16.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -98.78 (%).Trend:Increase 11.62% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -123.68 (%).Trend:Increase 25.21% than previous quarter

Overall: decreasing (39.75%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.5 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.06 (USD).Trend:Increase 37.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.56 (USD).Trend:Decrease 72.82% than previous quarter

Overall: increasing (-62.67%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal significant volatility in financial metrics. Liabilities on revenue show a substantial decrease followed by a major increase in Q1 2021.  Current assets on revenue show a declining trend overall.  Cost efficiency (retained earnings-to-revenue ratio) reveals an overall increasing negative trend but high volatility. Investment efficiency displays a continuous decreasing trend. Earnings per share are consistently negative and show a fluctuating trend overall.