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 65.48 (%).Trend:Decrease 42.82% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 46.63 (%).Trend:Decrease 28.79% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 134.11 (%).Trend:Increase 187.6% than previous quarter

Overall: increasing (104.81%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 395.88 (%).Trend:Decrease 49.19% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 356.75 (%).Trend:Decrease 9.88% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1773.1 (%).Trend:Increase 397.01% than previous quarter

Overall: increasing (347.89%). 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 -832.23 (%).Trend:Decrease 42.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -394.97 (%).Trend:Decrease 52.54% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -947.77 (%).Trend:Increase 139.96% than previous quarter

Overall: decreasing (13.88%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 94.86 (%).Trend:Increase 4.53% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 67.77 (%).Trend:Decrease 28.56% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 71.5 (%).Trend:Increase 5.5% than previous quarter

Overall: decreasing (-24.63%). 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 -147.39 (%).Trend:Increase 10.17% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -90.1 (%).Trend:Decrease 38.87% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -48.41 (%).Trend:Decrease 46.27% than previous quarter

Overall: increasing (-67.16%). Fluctuation: **Significant** (high variation).

Earning Per Share


The period from Q2 2020 to Q1 2021 demonstrates substantial volatility.  Both liabilities and current assets showed dramatic overall increases, but with wide swings quarter-over-quarter. Cost efficiency trends were mixed: a minor decrease in the retained earnings ratio and a moderate decrease in the SG&A expense ratio. Investment efficiency, measured by retained earnings on assets, showed an overall increase.