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 118.79 (%).Trend:Decrease 34.21% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 75.91 (%).Trend:Decrease 36.1% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 99.13 (%).Trend:Increase 30.59% than previous quarter

Overall: decreasing (-16.55%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 135.94 (%).Trend:Decrease 50.12% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81.83 (%).Trend:Decrease 39.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 65.1 (%).Trend:Decrease 20.44% than previous quarter

Overall: decreasing (-52.11%). 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 -930.67 (%).Trend:Increase 139.99% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -729.55 (%).Trend:Decrease 21.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1189.02 (%).Trend:Increase 62.98% than previous quarter

Overall: decreasing (27.76%). 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 -111.15 (%).Trend:Increase 392.47% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -159.75 (%).Trend:Increase 43.72% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -214.23 (%).Trend:Increase 34.1% than previous quarter

Overall: decreasing (92.74%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.31 (USD).Trend:Decrease 245.56% than previous quarter
Year 2020 Quarter 3: Earning Per Share -18.53 (USD).Trend:Increase 1314.5% than previous quarter
Year 2021 Quarter 1: Earning Per Share -1.73 (USD).Trend:Decrease 90.66% than previous quarter

Overall: decreasing (32.06%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 indicate substantial volatility in various key performance indicators. Working capital efficiency demonstrates a decreasing trend in both liabilities and current assets relative to revenue, although the decrease in liabilities shows less variation. Cost efficiency, as measured by the retained earnings ratio, displays significant increases and decreases across the quarters.  Investment efficiency and earnings per share exhibit substantial volatility with overall negative trends. The data suggests substantial financial instability.