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 173.39 (%).Trend:Decrease 11.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 114.7 (%).Trend:Decrease 33.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 289.19 (%).Trend:Increase 152.13% than previous quarter

Overall: increasing (66.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 189.23 (%).Trend:Decrease 1.89% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 140.43 (%).Trend:Decrease 25.79% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 389.45 (%).Trend:Increase 177.33% than previous quarter

Overall: increasing (105.81%). 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 216.7 (%).Trend:Decrease 29.62% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 154.2 (%).Trend:Decrease 28.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 398.33 (%).Trend:Increase 158.32% than previous quarter

Overall: increasing (83.82%). 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 32.8 (%).Trend:Decrease 10.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 32.41 (%).Trend:Decrease 1.19% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 30.57 (%).Trend:Decrease 5.68% than previous quarter

Overall: decreasing (-6.8%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -7.93 (USD).Trend:Increase 281.25% than previous quarter
Year 2020 Quarter 3: Earning Per Share -9.75 (USD).Trend:Increase 22.95% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.42 (USD).Trend:Decrease 104.31% than previous quarter

Overall: increasing (-105.3%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show mixed results. Working capital efficiency improved, with both liabilities and current assets on revenue increasing overall, though with significant quarter-to-quarter variation. Cost efficiency experienced an overall increase in the retained earnings to revenue ratio, but with considerable fluctuation.  Investment efficiency demonstrates a fairly stable decrease in retained earnings on assets. Earnings per share show significant volatility, increasing in Q2 2020 and decreasing in Q1 2021, with an increasing trend overall.