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 280.89 (%).Trend:Decrease 38.86% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 274.26 (%).Trend:Decrease 2.36% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 1141.51 (%).Trend:Increase 316.21% than previous quarter

Overall: increasing (306.39%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 134.53 (%).Trend:Decrease 57.22% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 268.41 (%).Trend:Increase 99.52% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 326.82 (%).Trend:Increase 21.76% than previous quarter

Overall: increasing (142.93%). 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 -168.09 (%).Trend:Decrease 11.55% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -113.82 (%).Trend:Decrease 32.29% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -350.85 (%).Trend:Increase 208.25% than previous quarter

Overall: decreasing (108.73%). 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 -13.93 (%).Trend:Increase 52.74% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -8.84 (%).Trend:Decrease 36.54% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -19.75 (%).Trend:Increase 123.42% than previous quarter

Overall: decreasing (41.78%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2020 to Q1 2021 reveals significant volatility in working capital efficiency. Liabilities on revenue increased dramatically in Q1 2021 (+316.21% YoY), while fluctuating between Q2 and Q3 2020.  Current assets on revenue showed a similar pattern of fluctuation with significant increases in Q3 and Q1. The ratio of retained earnings to revenue decreased consistently from Q2 to Q1, ending with a steep decline. Retained earnings on assets also exhibited a fluctuating, downward trend overall.  The data suggests considerable uncertainty in cost and investment efficiency across these periods.