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 78.92 (%).Trend:Decrease 46.49% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 53.07 (%).Trend:Decrease 32.75% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 165.07 (%).Trend:Increase 211.04% than previous quarter

Overall: increasing (109.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 113.85 (%).Trend:Decrease 44.74% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 76.45 (%).Trend:Decrease 32.85% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 235.91 (%).Trend:Increase 208.58% than previous quarter

Overall: increasing (107.21%). 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 23.18 (%).Trend:Decrease 43.6% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 14.44 (%).Trend:Decrease 37.7% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 29.65 (%).Trend:Increase 105.33% than previous quarter

Overall: increasing (27.91%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 49.01 (%).Trend:Decrease 0.69% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 45.59 (%).Trend:Decrease 6.98% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 60.41 (%).Trend:Increase 32.51% than previous quarter

Overall: increasing (23.26%). Fluctuation: **Neutral** (moderate 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 5.38 (%).Trend:Increase 0.19% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.14 (%).Trend:Decrease 4.46% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 3.84 (%).Trend:Decrease 25.29% than previous quarter

Overall: decreasing (-28.62%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.34 (USD).Trend:Increase 126.67% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.53 (USD).Trend:Increase 55.88% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.06 (USD).Trend:Decrease 88.68% than previous quarter

Overall: decreasing (-82.35%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show inconsistent trends. Working capital efficiency (liabilities and current assets on revenue) and cost efficiency (ratio of retained earnings to revenue) show an overall increase, but with significant fluctuations.  Investment efficiency (retained earnings on assets) and earnings per share are decreasing, with significant variability. The selling, general, and administrative (SG&A) expense ratio shows a relatively stable increase, presenting a moderate variation.  The mixed results suggest operational difficulties and necessitate a thorough review of the underlying causes.