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 118.79 (%).Trend:Decrease 34.21% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 75.91 (%).Trend:Decrease 36.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 99.13 (%).Trend:Increase 30.59% than previous quarter

Overall: decreasing (-16.55%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 135.94 (%).Trend:Decrease 50.12% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81.83 (%).Trend:Decrease 39.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 65.1 (%).Trend:Decrease 20.44% than previous quarter

Overall: decreasing (-52.11%). 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 -930.67 (%).Trend:Increase 139.99% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -729.55 (%).Trend:Decrease 21.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1189.02 (%).Trend:Increase 62.98% than previous quarter

Overall: decreasing (27.76%). 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 -111.15 (%).Trend:Increase 392.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -159.75 (%).Trend:Increase 43.72% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -214.23 (%).Trend:Increase 34.1% than previous quarter

Overall: decreasing (92.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.31 (USD).Trend:Decrease 245.56% than previous quarter
Year 2020 Quarter 3: Earning Per Share -18.53 (USD).Trend:Increase 1314.5% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.73 (USD).Trend:Decrease 90.66% than previous quarter

Overall: decreasing (32.06%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show moderate fluctuation in liabilities relative to revenue, but substantial fluctuation in current assets relative to revenue, suggesting potential short-term financial strain. Cost efficiency, as measured by the retained earnings ratio, shows a significant increase overall but with notable quarter-to-quarter variations. Investment efficiency and earnings per share also display similarly significant quarter-to-quarter variations with overall negative trends. These patterns highlight periods of substantial financial instability and challenges in maintaining stable financial performance.