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 69.47 (%).Trend:Decrease 45.9% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 45.27 (%).Trend:Decrease 34.84% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 298.69 (%).Trend:Increase 559.8% than previous quarter

Overall: increasing (329.96%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 45.66 (%).Trend:Decrease 49.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 68.44 (%).Trend:Increase 49.89% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 251.08 (%).Trend:Increase 266.86% than previous quarter

Overall: increasing (449.89%). 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 62.08 (%).Trend:Decrease 46.91% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 32.68 (%).Trend:Decrease 47.36% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 74.84 (%).Trend:Increase 129.01% than previous quarter

Overall: increasing (20.55%). 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 16.19 (%).Trend:Decrease 0.06% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 10.81 (%).Trend:Decrease 33.23% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.73 (%).Trend:Decrease 56.24% than previous quarter

Overall: decreasing (-70.78%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of working capital efficiency reveals significant volatility. Liabilities on revenue increased dramatically then decreased, while current assets on revenue showed similar fluctuations.  Cost efficiency, as measured by the retained earnings-to-revenue ratio, also displays considerable instability. Investment efficiency, tracked by retained earnings on assets, shows a clear downward trend across the three quarters. The data strongly suggests unstable financial performance.