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 36.41 (%).Trend:Decrease 52.76% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 25.84 (%).Trend:Decrease 29.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66.74 (%).Trend:Increase 158.28% than previous quarter

Overall: increasing (83.3%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 22.08 (%).Trend:Decrease 53.37% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 22.27 (%).Trend:Increase 0.86% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 61.69 (%).Trend:Increase 177.01% than previous quarter

Overall: increasing (179.39%). 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 -57.96 (%).Trend:Decrease 50.34% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -38.37 (%).Trend:Decrease 33.8% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -88.9 (%).Trend:Increase 131.69% than previous quarter

Overall: decreasing (53.38%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 19.97 (%).Trend:Increase 1.17% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 19.9 (%).Trend:Decrease 0.35% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 19.03 (%).Trend:Decrease 4.37% than previous quarter

Overall: decreasing (-4.71%). 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 -168.16 (%).Trend:Decrease 0.17% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -119.16 (%).Trend:Decrease 29.14% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -99.98 (%).Trend:Decrease 16.1% than previous quarter

Overall: increasing (-40.54%). Fluctuation: **Significant** (high variation).

Earning Per Share


Analysis of Q2 2020 – Q1 2021 data shows significant fluctuations.  Working capital efficiency improved, with both liabilities and current assets on revenue increasing. However, cost efficiency is a major concern, as the ratio of retained earnings to revenue declined drastically.  Conversely, SG&A expenses decreased slightly. Investment efficiency is also a concern; despite retained earnings on assets showing improvement, the missing earnings per share data is notable.