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 131.49 (%).Trend:Decrease 33.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 59.2 (%).Trend:Decrease 54.98% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 149.18 (%).Trend:Increase 151.99% than previous quarter

Overall: increasing (13.45%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 151.2 (%).Trend:Decrease 48.51% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 87.22 (%).Trend:Decrease 42.31% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 184.0 (%).Trend:Increase 110.96% than previous quarter

Overall: increasing (21.69%). 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 -1406.66 (%).Trend:Decrease 47.95% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -733.93 (%).Trend:Decrease 47.82% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1883.53 (%).Trend:Increase 156.64% than previous quarter

Overall: decreasing (33.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 86.65 (%).Trend:Decrease 12.29% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 62.93 (%).Trend:Decrease 27.37% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 56.64 (%).Trend:Decrease 10.0% than previous quarter

Overall: decreasing (-34.63%). 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 -317.67 (%).Trend:Decrease 0.35% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -300.37 (%).Trend:Decrease 5.45% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -332.6 (%).Trend:Increase 10.73% than previous quarter

Overall: decreasing (4.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -5.0 (USD).Trend:Increase 25.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Decrease 20.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.98 (USD).Trend:Decrease 75.5% than previous quarter

Overall: increasing (-80.4%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation in liabilities and current assets on revenue from Q2 2020 to Q1 2021. Liabilities on revenue decreased significantly in Q2 and Q3 2020, then increased substantially in Q1 2021. Current assets on revenue also decreased in Q2 and Q3 2020, before increasing significantly in Q1 2021. Cost efficiency shows a significant decrease in the ratio of retained earnings to revenue over the period, with a substantial increase in Q1 2021. SG&A expense ratio also decreased overall but with less significant fluctuations. Invest efficiency also shows a significant decrease in retained earnings on assets with a fluctuating trend. Earning per share increased overall with considerable variation.  These financial statements indicate significant fluctuations in key financial ratios and performance metrics.