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 39.18 (%).Trend:Decrease 99.02% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.85 (%).Trend:Decrease 11.05% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1227.04 (%).Trend:Increase 3420.92% than previous quarter

Overall: increasing (3031.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 150.12 (%).Trend:Decrease 98.4% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 111.42 (%).Trend:Decrease 25.78% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 3416.58 (%).Trend:Increase 2966.4% than previous quarter

Overall: increasing (2175.9%). 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 -303.12 (%).Trend:Decrease 99.28% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -336.99 (%).Trend:Increase 11.17% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -11634.54 (%).Trend:Increase 3352.49% than previous quarter

Overall: decreasing (3738.26%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 41.68 (%).Trend:Decrease 98.15% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 63.36 (%).Trend:Increase 52.02% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 765.4 (%).Trend:Increase 1108.02% than previous quarter

Overall: increasing (1736.37%). 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 -196.43 (%).Trend:Decrease 54.38% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -292.6 (%).Trend:Increase 48.96% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -333.16 (%).Trend:Increase 13.86% than previous quarter

Overall: decreasing (69.61%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q2 2020 to Q1 2021 reveals significant fluctuations in key financial ratios.  Both liabilities and current assets relative to revenue experienced a substantial overall increase, although with large quarter-to-quarter variations. Cost efficiency shows a considerable decline in the ratio of retained earnings to revenue, while the SG&A expense ratio increased substantially.  Investment efficiency, as measured by retained earnings on assets, declined. This underscores the need for a thorough investigation into the root causes of this instability.