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 28.5 (%).Trend:Decrease 48.11% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 19.24 (%).Trend:Decrease 32.49% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 54.88 (%).Trend:Increase 185.24% than previous quarter

Overall: increasing (92.56%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 145.11 (%).Trend:Decrease 47.49% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 97.12 (%).Trend:Decrease 33.07% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 258.11 (%).Trend:Increase 165.76% than previous quarter

Overall: increasing (77.87%). 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 -15.92 (%).Trend:Decrease 46.93% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -11.54 (%).Trend:Decrease 27.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -32.9 (%).Trend:Increase 185.1% than previous quarter

Overall: decreasing (106.66%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 13.16 (%).Trend:Increase 3.54% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 13.22 (%).Trend:Increase 0.46% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.47 (%).Trend:Decrease 5.67% than previous quarter

Overall: decreasing (-5.24%). 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 -6.75 (%).Trend:Increase 0.15% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -7.25 (%).Trend:Increase 7.41% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -7.66 (%).Trend:Increase 5.66% than previous quarter

Overall: decreasing (13.48%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q2 2020 to Q1 2021 exhibits high volatility. Liabilities on revenue saw a large decrease in the first two quarters, then a substantial increase, indicating a significant overall increase.  Current assets on revenue display a similar pattern of decreases and a final significant increase. The ratio of retained earnings to revenue shows a significant overall decrease, with substantial quarter-to-quarter variations.  SG&A expense ratio shows a slight decrease overall with minimal quarter-to-quarter fluctuations. Investment efficiency, as measured by retained earnings on assets, reveals a notable overall decrease with high quarter-to-quarter variability.