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 158930000000.0 (%).Trend:Decrease 2.31% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 181420000000.0 (%).Trend:Increase 14.15% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 250130000000.0 (%).Trend:Increase 37.87% than previous quarter

Overall: increasing (57.38%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 237290000000.0 (%).Trend:Increase 21.31% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 251450000000.0 (%).Trend:Increase 5.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 290650000000.0 (%).Trend:Increase 15.59% than previous quarter

Overall: increasing (22.49%). Fluctuation: **Neutral** (moderate 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 92640000000.0 (%).Trend:Increase 7.52% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 81530000000.0 (%).Trend:Decrease 11.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 42320000000.0 (%).Trend:Decrease 48.09% than previous quarter

Overall: decreasing (-54.32%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12740000000.0 (%).Trend:Increase 93.91% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 18440000000.0 (%).Trend:Increase 44.74% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 4710000000.0 (%).Trend:Decrease 74.46% than previous quarter

Overall: decreasing (-63.03%). Fluctuation: **Significant** (high 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 14.39 (%).Trend:Increase 1.77% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 12.5 (%).Trend:Decrease 13.13% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 6.28 (%).Trend:Decrease 49.76% than previous quarter

Overall: decreasing (-56.36%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.08 (USD).Trend:Decrease 28.04% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.28 (USD).Trend:Increase 38.96% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.34 (USD).Trend:Decrease 68.69% than previous quarter

Overall: increasing (-56.49%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal mixed financial trends. Liabilities and current assets on revenue show a positive trend, albeit with moderate fluctuations.  Cost efficiency metrics show a significant downward trend for retained earnings-to-revenue and SG&A expense ratio. Investment efficiency shows an overall negative trend, with significant volatility, in retained earnings on assets and earnings per share. Further investigation is needed to understand the reasons behind these trends.