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 30.45 (%).Trend:Decrease 75.23% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.23 (%).Trend:Decrease 20.43% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 67.39 (%).Trend:Increase 178.13% than previous quarter

Overall: increasing (121.31%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 118.48 (%).Trend:Decrease 60.11% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 77.23 (%).Trend:Decrease 34.82% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 191.47 (%).Trend:Increase 147.92% than previous quarter

Overall: increasing (61.61%). 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 17.7 (%).Trend:Decrease 91.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 11.2 (%).Trend:Decrease 36.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 40.32 (%).Trend:Increase 260.0% than previous quarter

Overall: increasing (127.8%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 16.47 (%).Trend:Decrease 34.51% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.73 (%).Trend:Decrease 10.56% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.26 (%).Trend:Increase 30.75% than previous quarter

Overall: increasing (16.94%). Fluctuation: **Neutral** (moderate 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 5.7 (%).Trend:Decrease 72.52% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.9 (%).Trend:Increase 3.51% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.49 (%).Trend:Increase 26.95% than previous quarter

Overall: increasing (31.4%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -5.0 (USD).Trend:Increase 1036.36% than previous quarter
Year 2020 Quarter 3: Earning Per Share -4.6 (USD).Trend:Decrease 8.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.03 (USD).Trend:Decrease 100.65% than previous quarter

Overall: increasing (-100.6%). Fluctuation: **Significant** (high variation).



Working capital efficiency shows significant fluctuations. Liabilities on revenue increased drastically in Q1 2021, then decreased in subsequent quarters. Current assets on revenue also display substantial volatility, increasing significantly in Q1 2021, then decreasing in the following quarters. Cost efficiency shows a general increase in the ratio of retained earnings to revenue, with substantial fluctuations.  SG&A expense ratio also exhibits a slight upward trend, with moderate variation. Investment efficiency demonstrates a neutral trend in retained earnings on assets. Earnings per share, however, exhibit significant increases and decreases across the quarters.