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 117.26 (%).Trend:Decrease 57.62% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 77.47 (%).Trend:Decrease 33.93% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 307.47 (%).Trend:Increase 296.89% than previous quarter

Overall: increasing (162.21%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 145.05 (%).Trend:Decrease 57.33% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 96.97 (%).Trend:Decrease 33.15% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 399.13 (%).Trend:Increase 311.6% than previous quarter

Overall: increasing (175.17%). 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 27.53 (%).Trend:Decrease 53.96% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 18.78 (%).Trend:Decrease 31.78% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 64.08 (%).Trend:Increase 241.21% than previous quarter

Overall: increasing (132.76%). 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 10.03 (%).Trend:Increase 6.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 9.95 (%).Trend:Decrease 0.8% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 8.04 (%).Trend:Decrease 19.2% than previous quarter

Overall: decreasing (-19.84%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance analysis from Q2 2020 to Q1 2021 indicates substantial volatility and mixed trends.  Working capital efficiency shows a substantial increase in both liabilities and current assets on revenue. Cost efficiency, as measured by the ratio of retained earnings to revenue, also demonstrates a strong upward trend, but with significant fluctuation. Investment efficiency, as measured by retained earnings on assets, shows a moderate decrease.  The absence of earnings per share data limits the comprehensiveness of the assessment.