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 92.75 (%).Trend:Decrease 42.2% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 48.25 (%).Trend:Decrease 47.98% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 111.97 (%).Trend:Increase 132.06% than previous quarter

Overall: increasing (20.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 61.15 (%).Trend:Decrease 61.54% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 39.97 (%).Trend:Decrease 34.64% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 76.41 (%).Trend:Increase 91.17% than previous quarter

Overall: increasing (24.96%). 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 -101.21 (%).Trend:Increase 897.14% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -109.89 (%).Trend:Increase 8.58% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -203.45 (%).Trend:Increase 85.14% than previous quarter

Overall: decreasing (101.02%). 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 -9.4 (%).Trend:Increase 1673.58% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -17.23 (%).Trend:Increase 83.3% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -18.29 (%).Trend:Increase 6.15% than previous quarter

Overall: decreasing (94.57%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.0 (USD).Trend:Decrease 200.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 300.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.52 (USD).Trend:Decrease 113.0% than previous quarter

Overall: increasing (-152.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal substantial volatility in working capital efficiency.  Liabilities on revenue decreased in Q2 and Q3 2020, but increased significantly in Q1 2021. Current assets on revenue also displayed a declining trend followed by an increase in Q1 2021. Cost efficiency, gauged by the ratio of retained earnings to revenue, was decreasing overall, with large variations in the trend.  Investment efficiency showed a significant decrease, and earnings per share exhibited a volatile pattern, but showed an overall increasing trend.