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 47.94 (%).Trend:Decrease 39.9% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 36.94 (%).Trend:Decrease 22.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 90.59 (%).Trend:Increase 145.24% than previous quarter

Overall: increasing (88.97%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 73.15 (%).Trend:Decrease 42.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 42.94 (%).Trend:Decrease 41.3% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 166.35 (%).Trend:Increase 287.4% than previous quarter

Overall: increasing (127.41%). 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 -900.03 (%).Trend:Decrease 47.09% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -524.1 (%).Trend:Decrease 41.77% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1437.81 (%).Trend:Increase 174.34% than previous quarter

Overall: decreasing (59.75%). 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 -216.51 (%).Trend:Decrease 0.84% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -212.96 (%).Trend:Decrease 1.64% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -191.77 (%).Trend:Decrease 9.95% than previous quarter

Overall: increasing (-11.43%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.05 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.06 (USD).Trend:Decrease 220.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.01 (USD).Trend:Decrease 83.33% than previous quarter

Overall: increasing (-120.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show substantial fluctuation in working capital metrics. Liabilities on revenue increased to 90.59%, then decreased, creating significant overall variation. Current assets on revenue also increased and then decreased. Cost efficiency demonstrates a decrease in the retained earnings to revenue ratio despite sharp variations. Investment efficiency shows an overall slight increase in retained earnings on assets with sizable quarter-to-quarter changes. Earnings per share exhibit a mix of positive and negative values with extremely high volatility.