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 12.93 (%).Trend:Decrease 78.47% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 10.23 (%).Trend:Decrease 20.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 49.05 (%).Trend:Increase 379.47% than previous quarter

Overall: increasing (279.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 115.02 (%).Trend:Decrease 63.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 58.69 (%).Trend:Decrease 48.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 423.96 (%).Trend:Increase 622.37% than previous quarter

Overall: increasing (268.6%). 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 -137.38 (%).Trend:Decrease 53.33% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -86.49 (%).Trend:Decrease 37.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -232.1 (%).Trend:Increase 168.35% than previous quarter

Overall: decreasing (68.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.56 (%).Trend:Decrease 7.9% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.23 (%).Trend:Decrease 5.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 49.28 (%).Trend:Increase 13.99% than previous quarter

Overall: increasing (8.17%). 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 -50.06 (%).Trend:Increase 4.82% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -47.57 (%).Trend:Decrease 4.97% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -28.01 (%).Trend:Decrease 41.12% than previous quarter

Overall: increasing (-44.05%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of the 2020 Q2 to 2021 Q1 period reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue show a sharp decrease then a dramatic increase, followed by a subsequent moderate decrease. Current assets on revenue exhibit a similar pattern of significant decreases and increases. Cost efficiency, as measured by the ratio of retained earnings to revenue, shows a consistent decrease, though with substantial variation. The selling, general, and administrative (SG&A) expense ratio shows a gradual increase, with little fluctuation.  Investment efficiency (retained earnings on assets) exhibits significant volatility, fluctuating between increases and decreases.  Overall, the financial performance displays substantial variability across these measures.