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 36.54 (%).Trend:Decrease 52.5% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.45 (%).Trend:Decrease 19.4% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 88.69 (%).Trend:Increase 201.15% than previous quarter

Overall: increasing (142.72%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 113.93 (%).Trend:Decrease 51.77% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 79.88 (%).Trend:Decrease 29.89% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 225.51 (%).Trend:Increase 182.31% than previous quarter

Overall: increasing (97.94%). 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 -407.6 (%).Trend:Decrease 53.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -245.6 (%).Trend:Decrease 39.74% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -790.4 (%).Trend:Increase 221.82% than previous quarter

Overall: decreasing (93.92%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 55.35 (%).Trend:Increase 3.19% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 52.91 (%).Trend:Decrease 4.41% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 62.5 (%).Trend:Increase 18.13% than previous quarter

Overall: increasing (12.92%). 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 -118.8 (%).Trend:Decrease 1.48% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -112.04 (%).Trend:Decrease 5.69% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -110.38 (%).Trend:Decrease 1.48% than previous quarter

Overall: increasing (-7.09%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial performance from Q2 2020 to Q1 2021 shows substantial fluctuations.  Working capital efficiency (liabilities and current assets on revenue) saw significant increases and decreases. Cost efficiency, particularly the ratio of retained earnings to revenue, decreased substantially, indicating potential problems in managing expenses.  SG&A expense ratio showed small fluctuations, remaining relatively consistent.   Investment efficiency (retained earnings on assets) trended down slightly, indicating a possible decrease in investment performance.