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 29.26 (%).Trend:Decrease 78.04% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 22.96 (%).Trend:Decrease 21.53% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 58.17 (%).Trend:Increase 153.35% than previous quarter

Overall: increasing (98.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 99.98 (%).Trend:Decrease 60.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.87 (%).Trend:Decrease 28.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 194.53 (%).Trend:Increase 170.67% than previous quarter

Overall: increasing (94.57%). 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 -181.84 (%).Trend:Decrease 46.13% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -113.18 (%).Trend:Decrease 37.76% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -255.1 (%).Trend:Increase 125.39% than previous quarter

Overall: decreasing (40.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.42 (%).Trend:Increase 2.75% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.35 (%).Trend:Decrease 0.25% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 23.56 (%).Trend:Decrease 16.9% than previous quarter

Overall: decreasing (-17.1%). 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 -36.19 (%).Trend:Increase 8.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -34.45 (%).Trend:Decrease 4.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -31.35 (%).Trend:Decrease 9.0% than previous quarter

Overall: increasing (-13.37%). Fluctuation: **Significant** (high variation).

Earning Per Share


Working capital efficiency in 2020 Q2-Q1 2021 exhibited large swings. Liabilities on revenue decreased dramatically in Q2 2020, then decreased further in Q3, before increasing sharply in Q1 2021.  Similarly, current assets on revenue decreased significantly in Q2 and Q3 2020, then sharply increased in Q1 2021. Cost efficiency shows a significant overall decrease in the ratio of retained earnings to revenue, with substantial fluctuations throughout the period. The SG&A expense ratio shows a slight decrease overall, with little fluctuation. Investment efficiency shows a consistent decrease in retained earnings on assets with significant fluctuations.