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 28.77 (%).Trend:Decrease 48.89% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.4 (%).Trend:Decrease 11.71% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.24 (%).Trend:Increase 164.72% than previous quarter

Overall: increasing (133.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 147.37 (%).Trend:Decrease 38.09% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 108.51 (%).Trend:Decrease 26.37% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 303.04 (%).Trend:Increase 179.27% than previous quarter

Overall: increasing (105.63%). 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 -127.13 (%).Trend:Decrease 37.53% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -83.41 (%).Trend:Decrease 34.39% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -253.74 (%).Trend:Increase 204.21% than previous quarter

Overall: decreasing (99.59%). 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 -49.61 (%).Trend:Increase 5.87% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -46.85 (%).Trend:Decrease 5.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -51.87 (%).Trend:Increase 10.72% than previous quarter

Overall: decreasing (4.56%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.55 (USD).Trend:Increase 150.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.56 (USD).Trend:Increase 1.82% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.08 (USD).Trend:Decrease 85.71% than previous quarter

Overall: increasing (-85.45%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show substantial shifts in working capital and cost efficiency measures. Liabilities on revenue and current assets on revenue both increased across the period, but with marked quarter-to-quarter variations. Cost efficiency, as measured by the ratio of retained earnings to revenue, reveals a decreasing overall trend, again with significant quarter-to-quarter changes. Investment efficiency, as measured by retained earnings on assets, is decreasing overall, but with considerable variability. Earnings per share are also increasing overall, but fluctuate significantly throughout the period.