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 70.83 (%).Trend:Decrease 47.87% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 47.34 (%).Trend:Decrease 33.16% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 116.76 (%).Trend:Increase 146.64% than previous quarter

Overall: increasing (64.85%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 166.35 (%).Trend:Decrease 47.28% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 100.1 (%).Trend:Decrease 39.83% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 215.13 (%).Trend:Increase 114.92% than previous quarter

Overall: increasing (29.32%). 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 47.2 (%).Trend:Decrease 48.77% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 35.09 (%).Trend:Decrease 25.66% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 102.27 (%).Trend:Increase 191.45% than previous quarter

Overall: increasing (116.67%). 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 12.34 (%).Trend:Decrease 1.28% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 14.44 (%).Trend:Increase 17.02% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 17.56 (%).Trend:Increase 21.61% than previous quarter

Overall: increasing (42.3%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.04 (USD).Trend:Increase 33.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.35 (USD).Trend:Decrease 975.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 37.14% than previous quarter

Overall: increasing (-650.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal considerable volatility. Working capital metrics, liabilities and current assets on revenue, demonstrate an increasing trend, though with significant fluctuations. Cost efficiency, as measured by the retained earnings-to-revenue ratio, shows a positive trend but with significant swings.  Investment efficiency, measured by retained earnings on assets, trends upward with moderate fluctuations. Earnings per share experience a somewhat erratic trend overall.  Thorough analysis is needed to understand the reasons behind these variations.