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 68.03 (%).Trend:Decrease 49.27% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 53.83 (%).Trend:Decrease 20.87% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 147.76 (%).Trend:Increase 174.49% than previous quarter

Overall: increasing (117.2%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 103.12 (%).Trend:Decrease 22.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 75.84 (%).Trend:Decrease 26.45% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 171.51 (%).Trend:Increase 126.15% than previous quarter

Overall: increasing (66.32%). 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 -13.84 (%).Trend:Decrease 62.51% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -16.98 (%).Trend:Increase 22.69% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -41.45 (%).Trend:Increase 144.11% than previous quarter

Overall: decreasing (199.49%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.31 (%).Trend:Increase 2.91% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 51.77 (%).Trend:Increase 9.43% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 47.32 (%).Trend:Decrease 8.6% than previous quarter

Overall: increasing (0.02%). 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 -5.43 (%).Trend:Decrease 35.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -9.04 (%).Trend:Increase 66.48% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -7.26 (%).Trend:Decrease 19.69% than previous quarter

Overall: decreasing (33.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.25 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.08 (USD).Trend:Decrease 132.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.01 (USD).Trend:Decrease 87.5% than previous quarter

Overall: decreasing (-104.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 display significant fluctuations in key financial ratios. Working capital efficiency shows a considerable increase in liabilities on revenue, coupled with substantial increases in current assets. Cost efficiency shows a large overall decrease in the ratio of retained earnings to revenue. However, selling, general, and administrative (SG&A) expenses reveal little change over the period.  Investment efficiency (retained earnings on assets) reveals substantial decrease. Earnings per share also shows a substantial decrease overall and with significant variance between quarters.