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 26.53 (%).Trend:Decrease 55.01% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 17.04 (%).Trend:Decrease 35.77% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 50.9 (%).Trend:Increase 198.71% than previous quarter

Overall: increasing (91.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 62.03 (%).Trend:Decrease 46.61% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 40.35 (%).Trend:Decrease 34.95% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 143.4 (%).Trend:Increase 255.39% than previous quarter

Overall: increasing (131.18%). 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 -30.53 (%).Trend:Decrease 54.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -20.11 (%).Trend:Decrease 34.13% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -40.44 (%).Trend:Increase 101.09% than previous quarter

Overall: decreasing (32.46%). 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 -12.1 (%).Trend:Decrease 53.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -11.65 (%).Trend:Decrease 3.72% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -8.52 (%).Trend:Decrease 26.87% than previous quarter

Overall: increasing (-29.59%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.86 (USD).Trend:Decrease 4.93% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.31 (USD).Trend:Decrease 14.25% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.83 (USD).Trend:Decrease 125.08% than previous quarter

Overall: increasing (-121.5%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2020 to Q1 2021 shows significant fluctuations in working capital efficiency. Liabilities on revenue increased sharply by 91.86% from Q2 2020 to Q1 2021, while current assets on revenue exhibited a similar, substantial increase (131.18%).  Cost efficiency, however, saw a decrease of 32.46% overall.  Investment efficiency also increased by -29.59%. Earnings per share showed a significant increase (-121.5%) despite fluctuations across the period.  The data suggests high volatility in financial performance.