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 40.87 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.52 (%).Trend:Decrease 27.77% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 154.0 (%).Trend:Increase 421.68% than previous quarter

Overall: increasing (276.8%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 58.47 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 39.54 (%).Trend:Decrease 32.38% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 263.22 (%).Trend:Increase 565.71% than previous quarter

Overall: increasing (350.18%). 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 37.1 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 22.58 (%).Trend:Decrease 39.14% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 87.31 (%).Trend:Increase 286.67% than previous quarter

Overall: increasing (135.34%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 47.68 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 46.45 (%).Trend:Decrease 2.58% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 67.7 (%).Trend:Increase 45.75% than previous quarter

Overall: increasing (41.99%). 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 20.76 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.22 (%).Trend:Decrease 7.42% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 13.89 (%).Trend:Decrease 27.73% than previous quarter

Overall: decreasing (-33.09%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


The financial statements reveal substantial fluctuations across multiple metrics. Liabilities and current assets on revenue display significant volatility, with sharp increases and subsequent decreases. The ratio of retained earnings to revenue also exhibits substantial variation, demonstrating a period of rapid growth followed by significant drops. Selling, general, and administrative (SG&A) expense ratios show moderate fluctuations.  Investment efficiency, measured by retained earnings on assets, demonstrates a downward trend with only minor variations. Earnings per share are consistently negative and volatile. This data highlights a need for thorough analysis to understand the underlying causes of these fluctuations.