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 54.14 (%).Trend:Decrease 45.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.81 (%).Trend:Decrease 33.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.26 (%).Trend:Increase 104.58% than previous quarter

Overall: increasing (35.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 88.22 (%).Trend:Decrease 47.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59.33 (%).Trend:Decrease 32.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 141.11 (%).Trend:Increase 137.84% than previous quarter

Overall: increasing (59.95%). 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 2.44 (%).Trend:Decrease 79.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3.64 (%).Trend:Increase 49.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 16.34 (%).Trend:Increase 348.9% than previous quarter

Overall: increasing (569.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.81 (%).Trend:Increase 6.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.95 (%).Trend:Decrease 18.64% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.1 (%).Trend:Decrease 9.52% than previous quarter

Overall: decreasing (-26.38%). Fluctuation: **Neutral** (moderate 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 0.79 (%).Trend:Decrease 63.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 2.04 (%).Trend:Increase 158.23% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.02 (%).Trend:Increase 97.06% than previous quarter

Overall: increasing (408.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 250.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.14 (USD).Trend:Decrease 66.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 228.57% than previous quarter

Overall: increasing (-142.86%). Fluctuation: **Significant** (high variation).



Financial statement responses from Q2 2020 to Q1 2021 reveal significant shifts. Working capital efficiency shows substantial increases in both liabilities and current assets relative to revenue, though with significant fluctuations. Cost efficiency exhibits a dramatic increase in the retained earnings to revenue ratio, along with high variability. SG&A expense ratio shows a small decrease.  Investment efficiency and earnings per share show large increases, but again with high volatility.