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 34.28 (%).Trend:Decrease 55.1% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.12 (%).Trend:Decrease 29.64% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 89.76 (%).Trend:Increase 272.14% than previous quarter

Overall: increasing (161.84%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 35.72 (%).Trend:Decrease 55.58% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 24.75 (%).Trend:Decrease 30.71% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 75.92 (%).Trend:Increase 206.75% than previous quarter

Overall: increasing (112.54%). 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 -36.9 (%).Trend:Increase 78.52% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -26.25 (%).Trend:Decrease 28.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -119.52 (%).Trend:Increase 355.31% than previous quarter

Overall: decreasing (223.9%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 30.64 (%).Trend:Decrease 2.82% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 30.32 (%).Trend:Decrease 1.04% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 26.21 (%).Trend:Decrease 13.56% than previous quarter

Overall: decreasing (-14.46%). 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 -18.96 (%).Trend:Increase 278.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -20.04 (%).Trend:Increase 5.7% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -30.41 (%).Trend:Increase 51.75% than previous quarter

Overall: decreasing (60.39%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.0 (USD).Trend:Increase 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.06 (USD).Trend:Decrease 73.5% than previous quarter

Overall: increasing (-64.67%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 presents considerable volatility. Working capital efficiency shows a dramatic increase in both liabilities and current assets against revenue, raising liquidity concerns. Cost efficiency, reflected in a decreasing retained earnings ratio, signifies unstable profitability. SG&A expense ratio shows a slight decreasing trend. Investment efficiency demonstrates significant fluctuations in retained earnings on assets. Earnings per share are consistently negative and experience significant variation. Overall, the data points toward a period of significant financial instability demanding a more in-depth review for underlying causes.