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 45.6 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 29.62 (%).Trend:Decrease 35.04% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 94.25 (%).Trend:Increase 218.2% than previous quarter

Overall: increasing (106.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 410.84 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 260.86 (%).Trend:Decrease 36.51% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 839.54 (%).Trend:Increase 221.84% than previous quarter

Overall: increasing (104.35%). 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 196.3 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 116.05 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 312.21 (%).Trend:Increase 169.03% than previous quarter

Overall: increasing (59.05%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 24.62 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 22.91 (%).Trend:Decrease 6.95% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 24.59 (%).Trend:Increase 7.33% than previous quarter

Overall: decreasing (-0.12%). 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 41.48 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 38.69 (%).Trend:Decrease 6.73% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 32.08 (%).Trend:Decrease 17.08% than previous quarter

Overall: decreasing (-22.66%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.84 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.97 (USD).Trend:Increase 15.48% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.45 (USD).Trend:Decrease 53.61% than previous quarter

Overall: increasing (-46.43%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 financial data reveals significant fluctuations.  Working capital efficiency shows increases in liabilities and current assets on revenue, both with substantial volatility. Cost efficiency highlights a significant increase in the ratio of retained earnings to revenue, while SG&A expense remained relatively stable. Investment efficiency indicates a decrease in retained earnings on assets and earnings per share, with considerable variation.