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 81.94 (%).Trend:Decrease 50.83% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 53.06 (%).Trend:Decrease 35.25% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 327.2 (%).Trend:Increase 516.66% than previous quarter

Overall: increasing (299.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 70.51 (%).Trend:Decrease 56.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 63.16 (%).Trend:Decrease 10.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 620.6 (%).Trend:Increase 882.58% than previous quarter

Overall: increasing (780.16%). 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 -105.2 (%).Trend:Decrease 54.48% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -82.23 (%).Trend:Decrease 21.83% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -474.42 (%).Trend:Increase 476.94% than previous quarter

Overall: decreasing (350.97%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 53.06 (%).Trend:Decrease 3.89% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 56.3 (%).Trend:Increase 6.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 51.9 (%).Trend:Decrease 7.82% than previous quarter

Overall: decreasing (-2.19%). 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 -25.98 (%).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -26.12 (%).Trend:Increase 0.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -29.99 (%).Trend:Increase 14.82% than previous quarter

Overall: decreasing (15.43%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.04 (USD).Trend:Decrease 42.86% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.32 (USD).Trend:Decrease 900.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.26 (USD).Trend:Decrease 181.25% than previous quarter

Overall: increasing (550.0%). Fluctuation: **Significant** (high variation).



The financial statements reveal significant fluctuations in working capital efficiency, with both liabilities and current assets on revenue exhibiting substantial increases.  Cost efficiency shows a concerning decline in the ratio of retained earnings to revenue, suggesting a problem with profitability.  Conversely, SG&A expense ratios exhibit a minor decline. Investment efficiency displays a steady decrease in retained earnings on assets. Earnings per share show large quarter-to-quarter variations, overall displaying an increasing trend despite these changes.  More context and analysis are necessary to identify the root causes.