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 54.46 (%).Trend:Decrease 36.6% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 41.31 (%).Trend:Decrease 24.15% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.11 (%).Trend:Increase 171.39% than previous quarter

Overall: increasing (105.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 73.41 (%).Trend:Decrease 37.53% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 54.55 (%).Trend:Decrease 25.69% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 150.46 (%).Trend:Increase 175.82% than previous quarter

Overall: increasing (104.96%). 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 58.77 (%).Trend:Decrease 47.32% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 39.16 (%).Trend:Decrease 33.37% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 96.32 (%).Trend:Increase 145.97% than previous quarter

Overall: increasing (63.89%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 26.72 (%).Trend:Decrease 11.29% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 26.56 (%).Trend:Decrease 0.6% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 26.77 (%).Trend:Increase 0.79% than previous quarter

Overall: increasing (0.19%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.92 (USD).Trend:Decrease 1700.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.7 (USD).Trend:Decrease 11.46% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.4 (USD).Trend:Decrease 123.53% than previous quarter

Overall: increasing (-120.83%). Fluctuation: **Significant** (high variation).



Significant fluctuations are evident in working capital efficiency. Liabilities on revenue increased sharply in Q1 2021, while current assets on revenue also exhibited substantial increases. Cost efficiency, as measured by the retained earnings-to-revenue ratio, also saw significant fluctuations, increasing drastically in Q1 2021, then decreasing.  Investment efficiency, as measured by retained earnings on assets, shows a more stable and gradual growth. However, earnings per share (EPS) experienced significant volatility, from a negative value in Q2 2020 to positive values in Q1 2021 and then to significant negative values in Q1 2021.