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 176.68 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 119.59 (%).Trend:Decrease 32.31% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 291.1 (%).Trend:Increase 143.42% than previous quarter

Overall: increasing (64.76%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 98.9 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.87 (%).Trend:Decrease 27.33% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 228.55 (%).Trend:Increase 218.0% than previous quarter

Overall: increasing (131.09%). 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 -145.16 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -94.33 (%).Trend:Decrease 35.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -266.6 (%).Trend:Increase 182.62% than previous quarter

Overall: decreasing (83.66%). 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 -45.65 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -44.48 (%).Trend:Decrease 2.56% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -42.59 (%).Trend:Decrease 4.25% than previous quarter

Overall: increasing (-6.7%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.07 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.38 (USD).Trend:Increase 442.86% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.3 (USD).Trend:Decrease 21.05% than previous quarter

Overall: increasing (328.57%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 reveals significant fluctuations in key performance indicators.  Working capital efficiency, as measured by liabilities and current assets on revenue, increased significantly over the period, yet with considerable variation in specific quarters.  Cost efficiency (retained earnings to revenue) significantly decreased overall with substantial swings. Investment efficiency (retained earnings on assets) trended upwards, but with noticeable fluctuations.  Earnings per share displayed a substantial increase throughout the period, with remarkable volatility. This data points to a highly unstable financial performance.