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 12.93 (%).Trend:Decrease 78.47% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 10.23 (%).Trend:Decrease 20.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 49.05 (%).Trend:Increase 379.47% than previous quarter

Overall: increasing (279.35%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 115.02 (%).Trend:Decrease 63.27% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 58.69 (%).Trend:Decrease 48.97% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 423.96 (%).Trend:Increase 622.37% than previous quarter

Overall: increasing (268.6%). 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 -137.38 (%).Trend:Decrease 53.33% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -86.49 (%).Trend:Decrease 37.04% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -232.1 (%).Trend:Increase 168.35% than previous quarter

Overall: decreasing (68.95%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 45.56 (%).Trend:Decrease 7.9% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 43.23 (%).Trend:Decrease 5.11% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 49.28 (%).Trend:Increase 13.99% than previous quarter

Overall: increasing (8.17%). 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 -50.06 (%).Trend:Increase 4.82% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -47.57 (%).Trend:Decrease 4.97% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -28.01 (%).Trend:Decrease 41.12% than previous quarter

Overall: increasing (-44.05%). Fluctuation: **Significant** (high variation).

Earning Per Share


The data from Q2 2020 to Q1 2021 reveals significant fluctuations in working capital efficiency. Liabilities on revenue decreased sharply in Q2 2020, then further decreased in Q3 2020, before increasing dramatically in Q1 2021. Current assets on revenue follow a similar pattern of significant fluctuation. Cost efficiency (retained earnings to revenue) shows a substantial and consistent decline.  SG&A expense ratio shows a relatively stable increase. Investment efficiency (retained earnings on assets) exhibits significant volatility.  These results suggest a period of considerable instability in the company's financial performance.