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 200.3 (%).Trend:Decrease 11.25% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 150.32 (%).Trend:Decrease 24.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 498.51 (%).Trend:Increase 231.63% than previous quarter

Overall: increasing (148.88%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 188.02 (%).Trend:Increase 57.22% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 190.75 (%).Trend:Increase 1.45% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 430.19 (%).Trend:Increase 125.53% than previous quarter

Overall: increasing (128.8%). 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 56.72 (%).Trend:Decrease 57.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 2.49 (%).Trend:Decrease 95.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -38.67 (%).Trend:Decrease 1653.01% than previous quarter

Overall: decreasing (-168.18%). 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 7.9 (%).Trend:Decrease 52.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 0.41 (%).Trend:Decrease 94.81% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -2.2 (%).Trend:Decrease 636.59% than previous quarter

Overall: decreasing (-127.85%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -9.83 (USD).Trend:Increase 1070.24% than previous quarter
Year 2020 Quarter 3: Earning Per Share -18.3 (USD).Trend:Increase 86.16% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.85 (USD).Trend:Decrease 89.89% than previous quarter

Overall: increasing (-81.18%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal substantial variation and declines. Liabilities on revenue show an initial decrease then a substantial increase.  Current assets on revenue follow a similar pattern, rising then falling significantly.  Cost efficiency, as measured by retained earnings to revenue, is declining drastically, as is investment efficiency with retained earnings on assets. Earnings per share are consistently negative and increasing, but remain highly variable.