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 27.07 (%).Trend:Decrease 52.24% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 18.36 (%).Trend:Decrease 32.18% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 64.13 (%).Trend:Increase 249.29% than previous quarter

Overall: increasing (136.9%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 40.86 (%).Trend:Decrease 48.02% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 32.28 (%).Trend:Decrease 21.0% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 93.05 (%).Trend:Increase 188.26% than previous quarter

Overall: increasing (127.73%). 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 -207.72 (%).Trend:Decrease 47.1% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -138.76 (%).Trend:Decrease 33.2% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -277.06 (%).Trend:Increase 99.67% than previous quarter

Overall: decreasing (33.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 17.73 (%).Trend:Increase 1.84% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 17.86 (%).Trend:Increase 0.73% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.14 (%).Trend:Decrease 32.03% than previous quarter

Overall: decreasing (-31.53%). Fluctuation: **Neutral** (moderate 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 -121.53 (%).Trend:Decrease 0.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -116.47 (%).Trend:Decrease 4.16% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -89.7 (%).Trend:Decrease 22.98% than previous quarter

Overall: increasing (-26.19%). Fluctuation: **Significant** (high variation).

Earning Per Share


The financial statements from Q2 2020 to Q1 2021 show a significant increase in liabilities and current assets relative to revenue.  However, the ratio of retained earnings to revenue decreased. SG&A expense ratios also decreased. Investment efficiency, measured by retained earnings on assets, reveals an increase in assets and a negative trend. The absence of earnings per share data limits a complete assessment, but the overall picture suggests considerable financial instability and volatility across most metrics.