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 48820000000.0 (%).Trend:Increase 41.88% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 47100000000.0 (%).Trend:Decrease 3.52% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 30520000000.0 (%).Trend:Decrease 35.2% than previous quarter

Overall: decreasing (-37.48%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 81770000000.0 (%).Trend:Decrease 3.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 80660000000.0 (%).Trend:Decrease 1.36% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 34680000000.0 (%).Trend:Decrease 57.0% than previous quarter

Overall: decreasing (-57.59%). 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 31490000000.0 (%).Trend:Decrease 27.43% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 35760000000.0 (%).Trend:Increase 13.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 20140000000.0 (%).Trend:Decrease 43.68% than previous quarter

Overall: decreasing (-36.04%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 4650000000.0 (%).Trend:Increase 92.95% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 8530000000.0 (%).Trend:Increase 83.44% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3020000000.0 (%).Trend:Decrease 64.6% than previous quarter

Overall: decreasing (-35.05%). Fluctuation: **Significant** (high 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 9.79 (%).Trend:Decrease 27.7% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.96 (%).Trend:Increase 11.95% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.23 (%).Trend:Decrease 34.03% than previous quarter

Overall: decreasing (-26.15%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.59 (USD).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.5 (USD).Trend:Decrease 30.36% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.93 (USD).Trend:Decrease 137.2% than previous quarter

Overall: increasing (-125.91%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2020 to Q1 2021 reveals a concerning trend of decreasing working capital efficiency. Liabilities on revenue decreased by 37.48%, while current assets on revenue decreased by 57.59%, indicating potential financial strain. Cost efficiency also shows a significant decrease (-36.04% for retained earnings to revenue, and -35.05% for SG&A expense ratio), suggesting operational inefficiencies. Investment efficiency is decreasing as well, with a decline of 26.15% in retained earnings on assets.  Earnings per share show a significant fluctuating negative trend to positive trend.  Overall, the analysis points to a period of significant financial and operational challenges.