Working Capital Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 2: Liabilities on Revenue 71.52 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 15.46 (%).Trend:Decrease 78.38% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 240.84 (%).Trend:Increase 1457.83% than previous quarter

Overall: increasing (236.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 107.04 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 38.52 (%).Trend:Decrease 64.01% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 392.18 (%).Trend:Increase 918.12% than previous quarter

Overall: increasing (266.39%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 2: Ratio of Retained Earnings to Revenue -50.79 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue -27.7 (%).Trend:Decrease 45.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -309.72 (%).Trend:Increase 1018.12% than previous quarter

Overall: decreasing (509.81%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2019 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 32.12 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 31.48 (%).Trend:Decrease 1.99% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 67.79 (%).Trend:Increase 115.34% than previous quarter

Overall: increasing (111.05%). Fluctuation: **Significant** (high variation).


Invest Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 2: Retained Earning on Assets -26.85 (%).Trend:Increase 0% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets -32.53 (%).Trend:Increase 21.15% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -35.98 (%).Trend:Increase 10.61% than previous quarter

Overall: decreasing (34.0%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q2 2019 to Q1 2021 demonstrates considerable fluctuation. Liabilities on revenue increased significantly in Q1 2021 following a major decrease in Q3 2019. Current assets on revenue also display a similar pattern of drastic changes, sharply increasing in Q1 2021. Cost efficiency reveals a negative trend in the ratio of retained earnings to revenue, varying considerably. Invest efficiency shows a generally declining trend in retained earnings on assets. Selling, General & Administrative (SG&A) expense ratio displays a significant increase in Q1 2021.  The results demonstrate unstable financial performance.