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 51.2 (%).Trend:Decrease 51.08% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.96 (%).Trend:Decrease 31.72% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 102.84 (%).Trend:Increase 194.16% than previous quarter

Overall: increasing (100.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 72.29 (%).Trend:Decrease 38.24% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 48.64 (%).Trend:Decrease 32.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 141.3 (%).Trend:Increase 190.5% than previous quarter

Overall: increasing (95.46%). 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 -40.22 (%).Trend:Decrease 44.06% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -26.94 (%).Trend:Decrease 33.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -80.33 (%).Trend:Increase 198.18% than previous quarter

Overall: decreasing (99.73%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.28 (%).Trend:Increase 2.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.55 (%).Trend:Decrease 4.78% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.6 (%).Trend:Increase 0.34% than previous quarter

Overall: decreasing (-4.45%). 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 -20.68 (%).Trend:Increase 0.44% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -21.06 (%).Trend:Increase 1.84% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -21.67 (%).Trend:Increase 2.9% than previous quarter

Overall: decreasing (4.79%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis from Q2 2020 to Q1 2021 shows significant volatility in liabilities and current assets relative to revenue. The ratio of retained earnings to revenue demonstrates significant variation, with large increases and decreases.  Selling, General, and Administrative (SG&A) expenses show relatively minor changes. Retained Earnings on Assets show substantial fluctuation.  The data suggests a dynamic financial environment with considerable quarterly changes in key metrics.