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 50.1 (%).Trend:Decrease 50.6% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.33 (%).Trend:Decrease 31.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 116.73 (%).Trend:Increase 240.02% than previous quarter

Overall: increasing (132.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 212.83 (%).Trend:Decrease 44.17% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 126.52 (%).Trend:Decrease 40.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 397.84 (%).Trend:Increase 214.45% than previous quarter

Overall: increasing (86.93%). 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 -184.99 (%).Trend:Decrease 37.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -142.41 (%).Trend:Decrease 23.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -551.29 (%).Trend:Increase 287.11% than previous quarter

Overall: decreasing (198.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.67 (%).Trend:Increase 11.32% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.68 (%).Trend:Increase 5.48% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.22 (%).Trend:Decrease 6.36% than previous quarter

Overall: decreasing (-1.23%). 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 -51.31 (%).Trend:Increase 8.45% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -61.57 (%).Trend:Increase 20.0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -74.8 (%).Trend:Increase 21.49% than previous quarter

Overall: decreasing (45.78%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.38 (USD).Trend:Increase 15.15% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.58 (USD).Trend:Increase 52.63% than previous quarter
Year 2021 Quarter 1: Earning Per Share -5.28 (USD).Trend:Increase 810.34% than previous quarter

Overall: decreasing (1289.47%). Fluctuation: **Significant** (high variation).



Working capital efficiency demonstrates significant volatility. Liabilities on revenue increased dramatically in Q1 2021 after decreasing in previous quarters. Current assets on revenue experienced a similar volatile trend. Cost efficiency shows minimal overall change in the SG&A expense ratio.  The ratio of retained earnings to revenue displays a clear downward trend with extreme volatility, increasing substantially in Q1 2021. Investment efficiency shows consistent decreases in retained earnings on assets with significant variation across all quarters. Earnings per share showed a substantial downward trend with extreme volatility over the period.