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 54.14 (%).Trend:Decrease 45.48% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.81 (%).Trend:Decrease 33.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.26 (%).Trend:Increase 104.58% than previous quarter

Overall: increasing (35.32%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 88.22 (%).Trend:Decrease 47.32% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 59.33 (%).Trend:Decrease 32.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 141.11 (%).Trend:Increase 137.84% than previous quarter

Overall: increasing (59.95%). 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 2.44 (%).Trend:Decrease 79.56% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 3.64 (%).Trend:Increase 49.18% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 16.34 (%).Trend:Increase 348.9% than previous quarter

Overall: increasing (569.67%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.81 (%).Trend:Increase 6.36% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 29.95 (%).Trend:Decrease 18.64% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 27.1 (%).Trend:Decrease 9.52% than previous quarter

Overall: decreasing (-26.38%). 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 0.79 (%).Trend:Decrease 63.26% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 2.04 (%).Trend:Increase 158.23% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 4.02 (%).Trend:Increase 97.06% than previous quarter

Overall: increasing (408.86%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 250.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.14 (USD).Trend:Decrease 66.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.18 (USD).Trend:Decrease 228.57% than previous quarter

Overall: increasing (-142.86%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show substantial variation.  Liabilities on revenue and current assets on revenue show initial decreases, followed by a marked increase in Q1 2021. The ratio of retained earnings to revenue increased significantly in Q1 2021 after initial declines. SG&A expense ratio decreased overall. Investment efficiency increased substantially over the period, with retained earnings on assets showing large increases. Earnings per share display significant fluctuations, with a notable increase between Q2 2020 and Q1 2021.