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 60.1 (%).Trend:Decrease 26.16% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 33.06 (%).Trend:Decrease 44.99% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 76.43 (%).Trend:Increase 131.19% than previous quarter

Overall: increasing (27.17%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 270.42 (%).Trend:Increase 10.86% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 159.57 (%).Trend:Decrease 40.99% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 294.3 (%).Trend:Increase 84.43% than previous quarter

Overall: increasing (8.83%). 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 -411.94 (%).Trend:Decrease 10.59% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -252.6 (%).Trend:Decrease 38.68% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -596.04 (%).Trend:Increase 135.96% than previous quarter

Overall: decreasing (44.69%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 28.48 (%).Trend:Increase 32.9% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 25.84 (%).Trend:Decrease 9.27% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.77 (%).Trend:Decrease 11.88% than previous quarter

Overall: decreasing (-20.05%). Fluctuation: **Neutral** (moderate 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 -36.94 (%).Trend:Increase 10.83% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -39.09 (%).Trend:Increase 5.82% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -45.19 (%).Trend:Increase 15.61% than previous quarter

Overall: decreasing (22.33%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.21 (USD).Trend:Decrease 79.0% than previous quarter

Overall: increasing (-79.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 reveals a pattern of significant variation. Liabilities on revenue, though initially declining, increased sharply in Q1 2021.  Current assets on revenue also displayed a fluctuating pattern, rising and falling over the three quarters.  Cost efficiency, reflected by the declining ratio of retained earnings to revenue, indicates a potential decline in profitability. The Selling, General, and Administrative (SG&A) expense ratio decreased slightly over the period.  Investment efficiency (retained earnings on assets) and earnings per share also show a decline, suggesting underlying operational and profit issues.