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 44.75 (%).Trend:Decrease 45.68% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.02 (%).Trend:Decrease 35.15% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 87.71 (%).Trend:Increase 202.24% than previous quarter

Overall: increasing (96.0%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 66.07 (%).Trend:Decrease 49.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.91 (%).Trend:Decrease 25.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 105.83 (%).Trend:Increase 116.38% than previous quarter

Overall: increasing (60.18%). 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 -8.92 (%).Trend:Decrease 48.59% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5.6 (%).Trend:Decrease 37.22% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -13.4 (%).Trend:Increase 139.29% than previous quarter

Overall: decreasing (50.22%). 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 -3.62 (%).Trend:Increase 1.4% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -3.3 (%).Trend:Decrease 8.84% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -2.76 (%).Trend:Decrease 16.36% than previous quarter

Overall: increasing (-23.76%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial statements from Q2 2020 to Q1 2021 show substantial fluctuations. Liabilities on revenue and current assets on revenue increased with high variance. Cost efficiency, as measured by the ratio of retained earnings to revenue, decreased, but with high variation. Invest efficiency, reflected by retained earnings on assets, also increased but with high volatility.