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 80.5 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 50.19 (%).Trend:Decrease 37.65% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 151.81 (%).Trend:Increase 202.47% than previous quarter

Overall: increasing (88.58%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 159.34 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 109.65 (%).Trend:Decrease 31.18% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 335.28 (%).Trend:Increase 205.77% than previous quarter

Overall: increasing (110.42%). 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 -1.8 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -0.88 (%).Trend:Decrease 51.11% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -8.96 (%).Trend:Increase 918.18% than previous quarter

Overall: decreasing (397.78%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 35.52 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 33.47 (%).Trend:Decrease 5.77% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 32.26 (%).Trend:Decrease 3.62% than previous quarter

Overall: decreasing (-9.18%). 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 -0.38 (%).Trend:Decrease 117.35% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -0.29 (%).Trend:Decrease 23.68% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -1.05 (%).Trend:Increase 262.07% than previous quarter

Overall: decreasing (176.32%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.62 (USD).Trend:Increase 174.58% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.58 (USD).Trend:Decrease 2.47% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.01 (USD).Trend:Decrease 100.63% than previous quarter

Overall: increasing (-100.62%). Fluctuation: **Significant** (high variation).



Significant fluctuations characterized working capital efficiency metrics (liabilities and current assets on revenue), increasing overall but exhibiting high variation. Cost efficiency showed a significantly decreasing ratio of retained earnings to revenue, contrasting with a slightly decreasing SG&A expense ratio. Investment efficiency metrics (retained earnings on assets and earnings per share) exhibited significant fluctuations and overall decreases.