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 56.56 (%).Trend:Decrease 52.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.6 (%).Trend:Decrease 37.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.86 (%).Trend:Increase 177.7% than previous quarter

Overall: increasing (74.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 90.54 (%).Trend:Decrease 49.63% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.22 (%).Trend:Decrease 36.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 178.51 (%).Trend:Increase 211.97% than previous quarter

Overall: increasing (97.16%). 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 139.63 (%).Trend:Decrease 50.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 92.61 (%).Trend:Decrease 33.67% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 287.67 (%).Trend:Increase 210.63% than previous quarter

Overall: increasing (106.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.74 (%).Trend:Increase 4.94% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.65 (%).Trend:Decrease 3.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.91 (%).Trend:Increase 4.4% than previous quarter

Overall: increasing (0.57%). Fluctuation: **Little** (low 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 44.06 (%).Trend:Decrease 2.91% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 44.65 (%).Trend:Increase 1.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 45.58 (%).Trend:Increase 2.08% than previous quarter

Overall: increasing (3.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -6.07 (USD).Trend:Decrease 719.39% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.24 (USD).Trend:Decrease 13.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 112.98% than previous quarter

Overall: increasing (-111.2%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuation, with liabilities on revenue increasing by 74.79% and current assets on revenue increasing by 97.16% over the three-quarter period.  Cost efficiency shows a slight overall increase (0.57%) in SG&A expense ratio, while the ratio of retained earnings to revenue increased by 106.02%.  Investment efficiency shows a small increase (3.45%) in retained earnings on assets.  Earnings per share show a significant increase, from a negative value to a positive one.  However, overall these trends show significant volatility.  The large fluctuations warrant further investigation into the underlying causes.