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 21.13 (%).Trend:Decrease 47.96% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 16.28 (%).Trend:Decrease 22.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 46.33 (%).Trend:Increase 184.58% than previous quarter

Overall: increasing (119.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 74.89 (%).Trend:Decrease 42.93% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 52.87 (%).Trend:Decrease 29.4% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 142.36 (%).Trend:Increase 169.26% than previous quarter

Overall: increasing (90.09%). 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 15.8 (%).Trend:Decrease 46.73% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 9.59 (%).Trend:Decrease 39.3% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 8.78 (%).Trend:Decrease 8.45% than previous quarter

Overall: decreasing (-44.43%). 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 8.79 (%).Trend:Decrease 12.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 7.71 (%).Trend:Decrease 12.29% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.56 (%).Trend:Decrease 66.8% than previous quarter

Overall: decreasing (-70.88%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.05 (USD).Trend:Increase 118.75% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.39 (USD).Trend:Increase 32.38% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.49 (USD).Trend:Decrease 64.75% than previous quarter

Overall: increasing (-53.33%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show a pattern of significant volatility across multiple key metrics.  Working capital efficiency fluctuates dramatically, with increases in both liabilities and current assets on revenue.  Cost efficiency, as reflected by the decreasing ratio of retained earnings to revenue, also displays considerable variation.  Investment efficiency, as measured by retained earnings on assets, shows a considerable decline.  Earnings per share exhibit substantial fluctuations, though remaining negative. This indicates a need for further investigation into the causes of these dramatic changes.