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 35.6 (%).Trend:Decrease 67.88% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.26 (%).Trend:Decrease 31.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 99.52 (%).Trend:Increase 310.22% than previous quarter

Overall: increasing (179.55%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 127.57 (%).Trend:Decrease 51.4% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 89.78 (%).Trend:Decrease 29.62% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 302.3 (%).Trend:Increase 236.71% than previous quarter

Overall: increasing (136.97%). 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 74.03 (%).Trend:Decrease 58.4% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 52.82 (%).Trend:Decrease 28.65% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 14.87 (%).Trend:Decrease 71.85% than previous quarter

Overall: decreasing (-79.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 5.96 (%).Trend:Decrease 2.45% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 6.38 (%).Trend:Increase 7.05% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 7.8 (%).Trend:Increase 22.26% than previous quarter

Overall: increasing (30.87%). 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 24.71 (%).Trend:Decrease 15.61% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 24.24 (%).Trend:Decrease 1.9% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.53 (%).Trend:Decrease 89.56% than previous quarter

Overall: decreasing (-89.76%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -3.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.06 (USD).Trend:Decrease 98.0% than previous quarter

Overall: increasing (-98.0%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 reveal significant fluctuations in key metrics. Working capital efficiency exhibits high variability, with liabilities on revenue increasing drastically in Q1 2021 after a decline. Current assets on revenue show a similar pattern of substantial increases and decreases.  Cost efficiency displays a sharp decline in the ratio of retained earnings to revenue, but the SG&A expense ratio shows moderate fluctuations. Investment efficiency, as measured by retained earnings on assets, is also decreasing with high volatility.  Earnings per share show a significant negative trend and high variability.