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 35.4 (%).Trend:Decrease 44.34% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 24.61 (%).Trend:Decrease 30.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 75.46 (%).Trend:Increase 206.62% than previous quarter

Overall: increasing (113.16%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 54.1 (%).Trend:Decrease 48.9% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 38.86 (%).Trend:Decrease 28.17% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 110.56 (%).Trend:Increase 184.51% than previous quarter

Overall: increasing (104.36%). 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 -8.3 (%).Trend:Decrease 36.64% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -5.1 (%).Trend:Decrease 38.55% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -17.7 (%).Trend:Increase 247.06% than previous quarter

Overall: decreasing (113.25%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 27.88 (%).Trend:Increase 6.98% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 26.93 (%).Trend:Decrease 3.41% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 25.78 (%).Trend:Decrease 4.27% than previous quarter

Overall: decreasing (-7.53%). 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 -4.15 (%).Trend:Increase 15.92% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -3.79 (%).Trend:Decrease 8.67% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -4.66 (%).Trend:Increase 22.96% than previous quarter

Overall: decreasing (12.29%). Fluctuation: **Significant** (high variation).

Earning Per Share


Financial analysis of Q2 2020 to Q1 2021 shows significant volatility across various metrics. Working capital efficiency, both for liabilities and current assets on revenue, experienced substantial increases and decreases. Cost efficiency saw a decline in the SG&A expense ratio, but with minimal fluctuation.  The ratio of retained earnings to revenue and retained earnings on assets also demonstrate substantial volatility.