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 71.77 (%).Trend:Decrease 50.52% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 65.27 (%).Trend:Decrease 9.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 127.34 (%).Trend:Increase 95.1% than previous quarter

Overall: increasing (77.43%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 46.28 (%).Trend:Decrease 60.97% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 25.68 (%).Trend:Decrease 44.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 71.68 (%).Trend:Increase 179.13% than previous quarter

Overall: increasing (54.88%). 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 26.77 (%).Trend:Decrease 64.12% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -3.83 (%).Trend:Decrease 114.31% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -24.45 (%).Trend:Increase 538.38% than previous quarter

Overall: decreasing (-191.33%). 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 2.39 (%).Trend:Decrease 34.16% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -0.5 (%).Trend:Decrease 120.92% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -1.76 (%).Trend:Increase 252.0% than previous quarter

Overall: decreasing (-173.64%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.15 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.77 (USD).Trend:Increase 413.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.6 (USD).Trend:Decrease 22.08% than previous quarter

Overall: decreasing (300.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show significant, fluctuating financial trends. Liabilities on revenue increase substantially after an initial decrease. Current assets on revenue follow a similar pattern of substantial variation. Cost efficiency, as indicated by retained earnings, experiences a steep decline, with significant fluctuations.  Investment efficiency, based on retained earnings on assets, also exhibits a concerning negative trend. Earnings per share show a consistent negative pattern with significant quarter-to-quarter variance. The high volatility across all metrics warrants careful scrutiny to identify the underlying causes and mitigate potential future risks.