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 25.55 (%).Trend:Decrease 59.4% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 20.18 (%).Trend:Decrease 21.02% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 68.94 (%).Trend:Increase 241.63% than previous quarter

Overall: increasing (169.82%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 44.44 (%).Trend:Decrease 50.41% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 31.33 (%).Trend:Decrease 29.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 96.36 (%).Trend:Increase 207.56% than previous quarter

Overall: increasing (116.83%). 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 -506.5 (%).Trend:Decrease 45.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -352.94 (%).Trend:Decrease 30.32% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1238.28 (%).Trend:Increase 250.85% than previous quarter

Overall: decreasing (144.48%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 12.63 (%).Trend:Increase 2.93% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.55 (%).Trend:Decrease 8.55% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 12.84 (%).Trend:Increase 11.17% than previous quarter

Overall: increasing (1.66%). 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 -81.29 (%).Trend:Increase 5.34% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -83.21 (%).Trend:Increase 2.36% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -88.89 (%).Trend:Increase 6.83% than previous quarter

Overall: decreasing (9.35%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 reveal significant volatility.  Liabilities and current assets on revenue exhibited decreases followed by a large increase in the first quarter of 2021.  The ratio of retained earnings to revenue decreased significantly overall. SG&A expenses had moderate fluctuations.  Investment efficiency, indicated by a consistent decline in retained earnings on assets, demands further examination. The substantial fluctuations suggest potential operational and strategic adjustments are needed.