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 55.25 (%).Trend:Decrease 49.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.89 (%).Trend:Decrease 35.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 130.26 (%).Trend:Increase 262.94% than previous quarter

Overall: increasing (135.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 69.35 (%).Trend:Decrease 49.75% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 46.75 (%).Trend:Decrease 32.59% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 183.09 (%).Trend:Increase 291.64% than previous quarter

Overall: increasing (164.01%). 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 11.54 (%).Trend:Decrease 54.44% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 8.34 (%).Trend:Decrease 27.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 21.18 (%).Trend:Increase 153.96% than previous quarter

Overall: increasing (83.54%). 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 5.56 (%).Trend:Decrease 14.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 6.15 (%).Trend:Increase 10.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.35 (%).Trend:Decrease 29.27% than previous quarter

Overall: decreasing (-21.76%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.13 (USD).Trend:Increase 59.15% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.9 (USD).Trend:Decrease 20.35% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.31 (USD).Trend:Decrease 65.56% than previous quarter

Overall: increasing (-72.57%). Fluctuation: **Significant** (high variation).



Financial statements reveal a volatile picture of working capital efficiency. Liabilities and current assets on revenue show significant and erratic trends, increasing sharply and then decreasing.  Cost efficiency, measured by the ratio of retained earnings to revenue, also fluctuates substantially.  Investment efficiency, gauged by retained earnings on assets, demonstrates a decreasing trend with moderate fluctuation.  Earnings per share show an overall increasing trend, though with major fluctuation.  A high degree of variability across all indicators is notable.