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 70.02 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 58.11 (%).Trend:Decrease 17.01% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 112.19 (%).Trend:Increase 93.06% than previous quarter

Overall: increasing (60.23%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 148.22 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 90.11 (%).Trend:Decrease 39.21% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 190.94 (%).Trend:Increase 111.9% than previous quarter

Overall: increasing (28.82%). 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 21.35 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 8.36 (%).Trend:Decrease 60.84% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.23 (%).Trend:Increase 225.72% than previous quarter

Overall: increasing (27.54%). 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 8.59 (%).Trend:Decrease 29.42% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.4 (%).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 7.75 (%).Trend:Increase 43.52% than previous quarter

Overall: decreasing (-9.78%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.89 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.24 (USD).Trend:Increase 151.69% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.77 (USD).Trend:Decrease 134.38% than previous quarter

Overall: increasing (-186.52%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 exhibit substantial fluctuation. Liabilities and current assets on revenue show substantial increases in Q1 2021, after a period of decreases. The ratio of retained earnings to revenue similarly saw a significant drop in the early periods, followed by an increase in Q1 2021.  Investment efficiency displays a moderate downward trend. Earnings per share show considerable negative values, followed by a significant positive increase in the final quarter.