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 51.1 (%).Trend:Decrease 38.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.58 (%).Trend:Decrease 30.37% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.38 (%).Trend:Increase 165.26% than previous quarter

Overall: increasing (84.7%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 20.64 (%).Trend:Decrease 63.64% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 12.65 (%).Trend:Decrease 38.71% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 27.65 (%).Trend:Increase 118.58% than previous quarter

Overall: increasing (33.96%). 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 -55.85 (%).Trend:Decrease 29.07% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -38.33 (%).Trend:Decrease 31.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -85.56 (%).Trend:Increase 123.22% than previous quarter

Overall: decreasing (53.2%). 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 -25.81 (%).Trend:Increase 22.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -26.84 (%).Trend:Increase 3.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -25.72 (%).Trend:Decrease 4.17% than previous quarter

Overall: increasing (-0.35%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.49 (USD).Trend:Increase 238.64% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.69 (USD).Trend:Increase 13.42% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.78 (USD).Trend:Decrease 146.15% than previous quarter

Overall: increasing (-152.35%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 present substantial volatility. Liabilities on revenue showed an overall increasing trend after significant decreases in the initial two quarters. Current assets on revenue also exhibited an overall increasing trend with significant quarter-to-quarter swings.  The retained earnings-to-revenue ratio displayed a decreasing trend overall.  Investment efficiency showed an overall increasing trend with considerable quarter-to-quarter volatility.  Earnings per share exhibited a large increase in Q2 2020 and a decrease thereafter, with significant volatility between quarters.