Working Capital Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Liabilities on Revenue
Year 2019 Quarter 2: Liabilities on Revenue 25.17 (%).Trend:Decrease 50.95% than previous quarter
Year 2019 Quarter 3: Liabilities on Revenue 16.64 (%).Trend:Decrease 33.89% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 47.51 (%).Trend:Increase 185.52% than previous quarter

Overall: increasing (88.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2019 Quarter 2: Current assets on Revenue 24.95 (%).Trend:Decrease 50.55% than previous quarter
Year 2019 Quarter 3: Current assets on Revenue 17.61 (%).Trend:Decrease 29.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 50.83 (%).Trend:Increase 188.64% than previous quarter

Overall: increasing (103.73%). Fluctuation: **Significant** (high variation).


Cost Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Ratio of Retained Earnings to Revenue
Year 2019 Quarter 2: Ratio of Retained Earnings to Revenue 21.87 (%).Trend:Decrease 51.1% than previous quarter
Year 2019 Quarter 3: Ratio of Retained Earnings to Revenue 14.77 (%).Trend:Decrease 32.46% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.62 (%).Trend:Increase 87.0% than previous quarter

Overall: increasing (26.29%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

Invest Efficiency
The data from Quater 2 in 2019 to Quater 1 in 2021 includes 3 quarters.

Retained Earning on Assets
Year 2019 Quarter 2: Retained Earning on Assets 16.41 (%).Trend:Increase 6.77% than previous quarter
Year 2019 Quarter 3: Retained Earning on Assets 16.9 (%).Trend:Increase 2.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 11.03 (%).Trend:Decrease 34.73% than previous quarter

Overall: decreasing (-32.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial statements reveal significant volatility across key metrics. Working capital efficiency, measured by liabilities and current assets on revenue, has increased with substantial quarter-to-quarter fluctuations. Cost efficiency, as measured by the ratio of retained earnings to revenue, also shows an overall increase, however with significant volatility.  Conversely, investment efficiency, as measured by retained earnings on assets, is decreasing.  The data suggests potential inefficiencies or inconsistencies that warrant further investigation.