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 46.47 (%).Trend:Decrease 45.27% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 31.33 (%).Trend:Decrease 32.58% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 143.91 (%).Trend:Increase 359.34% than previous quarter

Overall: increasing (209.68%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 76.86 (%).Trend:Decrease 58.69% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.17 (%).Trend:Decrease 25.62% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 120.54 (%).Trend:Increase 110.84% than previous quarter

Overall: increasing (56.83%). 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 -33.98 (%).Trend:Increase 902.36% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -28.88 (%).Trend:Decrease 15.01% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -117.3 (%).Trend:Increase 306.16% than previous quarter

Overall: decreasing (245.2%). 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 -4.74 (%).Trend:Increase 1592.86% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -6.09 (%).Trend:Increase 28.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -12.06 (%).Trend:Increase 98.03% than previous quarter

Overall: decreasing (154.43%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -2.26 (USD).Trend:Increase 126.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.5 (USD).Trend:Increase 10.62% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.27 (USD).Trend:Decrease 89.2% than previous quarter

Overall: increasing (-88.05%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 reveals significant fluctuations in working capital efficiency metrics. Liabilities on revenue increased dramatically in Q1 2021, then decreased subsequently, indicating considerable variability.  Current assets on revenue also show significant variability, increasing in Q1 2021, but decreasing afterward. Cost efficiency, measured by the ratio of retained earnings to revenue, shows a substantial negative trend with significant variation in percentage changes, continuing a negative trend into Q1 2021. Invest efficiency, measured by retained earnings on assets, also exhibits considerable variation and a consistently negative trend throughout the period. Earnings per share show a mixed trend, but are consistently negative.