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 113.32 (%).Trend:Decrease 51.99% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 72.58 (%).Trend:Decrease 35.95% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 198.01 (%).Trend:Increase 172.82% than previous quarter

Overall: increasing (74.74%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 201.54 (%).Trend:Decrease 55.36% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 126.13 (%).Trend:Decrease 37.42% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 422.23 (%).Trend:Increase 234.76% than previous quarter

Overall: increasing (109.5%). 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 -61.93 (%).Trend:Decrease 46.51% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -41.18 (%).Trend:Decrease 33.51% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -209.51 (%).Trend:Increase 408.77% than previous quarter

Overall: decreasing (238.3%). 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 -13.69 (%).Trend:Increase 32.53% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -15.08 (%).Trend:Increase 10.15% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -21.86 (%).Trend:Increase 44.96% than previous quarter

Overall: decreasing (59.68%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.72 (USD).Trend:Increase 107.23% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.12 (USD).Trend:Increase 23.26% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.59 (USD).Trend:Decrease 72.17% than previous quarter

Overall: increasing (-65.7%). Fluctuation: **Significant** (high variation).



Financial analysis for Q2 2020 to Q1 2021 reveals high volatility across key financial metrics. Liabilities and current assets on revenue demonstrate increasing trends, but with major quarter-to-quarter variations.  The ratio of retained earnings to revenue is decreasing, also with substantial volatility. Investment efficiency and earnings per share both display fluctuating, mostly negative trends. The data strongly suggests a period of financial uncertainty and instability.