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 statements from Q2 2020 to Q1 2021 show significant fluctuations in working capital efficiency. Liabilities on revenue increased significantly in Q1 2021, matching a similar upward trend in current assets on revenue. Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing with considerable variation. Selling, general, and administrative (SG&A) expense ratios, however, show a steadier downward trend. Investment efficiency, as reflected in retained earnings on assets, is decreasing with notable fluctuations.