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 45.6 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.62 (%).Trend:Decrease 35.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.25 (%).Trend:Increase 218.2% than previous quarter

Overall: increasing (106.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 410.84 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 260.86 (%).Trend:Decrease 36.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 839.54 (%).Trend:Increase 221.84% than previous quarter

Overall: increasing (104.35%). 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 196.3 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 116.05 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 312.21 (%).Trend:Increase 169.03% than previous quarter

Overall: increasing (59.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.62 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.91 (%).Trend:Decrease 6.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.59 (%).Trend:Increase 7.33% than previous quarter

Overall: decreasing (-0.12%). Fluctuation: **Little** (low 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 41.48 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 38.69 (%).Trend:Decrease 6.73% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.08 (%).Trend:Decrease 17.08% than previous quarter

Overall: decreasing (-22.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.84 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.97 (USD).Trend:Increase 15.48% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.45 (USD).Trend:Decrease 53.61% than previous quarter

Overall: increasing (-46.43%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2020 to Q1 2021, liabilities on revenue increased (106.69%) with significant fluctuation, as did current assets on revenue (104.35%). The ratio of retained earnings to revenue also increased substantially (59.05%) with significant variation. SG&A expense ratio decreased slightly (-0.12%) with little fluctuation. Retained earnings on assets decreased (-22.66%) with neutral variation. Earnings per share increased (-46.43%) with significant volatility. This suggests a company growing its asset base and retained earnings, but facing declining profitability and unstable working capital.