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 47.99 (%).Trend:Decrease 50.46% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.51 (%).Trend:Decrease 38.51% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 89.72 (%).Trend:Increase 204.03% than previous quarter

Overall: increasing (86.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 66.4 (%).Trend:Decrease 53.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 41.75 (%).Trend:Decrease 37.12% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 120.2 (%).Trend:Increase 187.9% than previous quarter

Overall: increasing (81.02%). 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 48.32 (%).Trend:Decrease 48.74% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 34.44 (%).Trend:Decrease 28.73% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 101.87 (%).Trend:Increase 195.79% than previous quarter

Overall: increasing (110.82%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 22.76 (%).Trend:Increase 0.44% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 21.76 (%).Trend:Decrease 4.39% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 22.39 (%).Trend:Increase 2.9% than previous quarter

Overall: decreasing (-1.63%). Fluctuation: **Little** (low 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 31.61 (%).Trend:Increase 6.54% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 34.95 (%).Trend:Increase 10.57% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 34.56 (%).Trend:Decrease 1.12% than previous quarter

Overall: increasing (9.33%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.22 (USD).Trend:Decrease 4.35% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.7 (USD).Trend:Decrease 418.18% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.22 (USD).Trend:Decrease 68.57% than previous quarter

Overall: increasing (-200.0%). Fluctuation: **Significant** (high variation).



Significant volatility characterizes the working capital efficiency metrics (liabilities on revenue and current assets on revenue) and the ratio of retained earnings to revenue, all exhibiting substantial increases followed by sharp declines.  In contrast, SG&A expense and retained earnings on assets show relatively stable performance.  Earning per share also demonstrates significant fluctuation.  This points to potential operational or strategic inconsistencies impacting profitability and efficiency.