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 21.39 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 42.88 (%).Trend:Increase 100.47% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 70.84 (%).Trend:Increase 65.21% than previous quarter

Overall: increasing (231.18%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 491.44 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81.72 (%).Trend:Decrease 83.37% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 149.35 (%).Trend:Increase 82.76% than previous quarter

Overall: decreasing (-69.61%). 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 134.18 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 64.0 (%).Trend:Decrease 52.3% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 112.28 (%).Trend:Increase 75.44% than previous quarter

Overall: decreasing (-16.32%). 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 21.22 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 8.27 (%).Trend:Decrease 61.03% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.33 (%).Trend:Increase 0.73% than previous quarter

Overall: decreasing (-60.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.97 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.61 (USD).Trend:Decrease 37.11% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 95.08% than previous quarter

Overall: decreasing (-96.91%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show substantial fluctuations in several key metrics. Liabilities on revenue show an increase initially, followed by a decrease, indicating high volatility. Current assets on revenue show a substantial decrease overall, despite a later increase. Cost efficiency, as measured by the ratio of retained earnings to revenue, declines considerably. Investment efficiency (retained earnings on assets) also shows a marked decline, and earnings per share show a sharp decrease across the three quarters, highlighting a need for further analysis. These observations suggest potential financial instability that merits investigation to better understand the current financial health and future prospects.