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 56.56 (%).Trend:Decrease 52.42% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.6 (%).Trend:Decrease 37.06% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 98.86 (%).Trend:Increase 177.7% than previous quarter

Overall: increasing (74.79%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 90.54 (%).Trend:Decrease 49.63% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 57.22 (%).Trend:Decrease 36.8% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 178.51 (%).Trend:Increase 211.97% than previous quarter

Overall: increasing (97.16%). 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 139.63 (%).Trend:Decrease 50.67% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 92.61 (%).Trend:Decrease 33.67% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 287.67 (%).Trend:Increase 210.63% than previous quarter

Overall: increasing (106.02%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 29.74 (%).Trend:Increase 4.94% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 28.65 (%).Trend:Decrease 3.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 29.91 (%).Trend:Increase 4.4% than previous quarter

Overall: increasing (0.57%). 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 44.06 (%).Trend:Decrease 2.91% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 44.65 (%).Trend:Increase 1.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 45.58 (%).Trend:Increase 2.08% than previous quarter

Overall: increasing (3.45%). Fluctuation: **Little** (low variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -6.07 (USD).Trend:Decrease 719.39% than previous quarter
Year 2020 Quarter 3: Earning Per Share -5.24 (USD).Trend:Decrease 13.67% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.68 (USD).Trend:Decrease 112.98% than previous quarter

Overall: increasing (-111.2%). Fluctuation: **Significant** (high variation).



Financial statements from Q2 2020 to Q1 2021 show substantial fluctuations in working capital. Liabilities on revenue increased, but current assets on revenue also increased, with high variation. Cost efficiency, in terms of the ratio of retained earnings to revenue, saw a substantial upward trend, and significant volatility. SG&A expenses showed a slight overall upward trend. Investment efficiency saw a modest increase in retained earnings on assets with minimal fluctuation. Earnings per share, however, increased significantly with high volatility.