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 48.89 (%).Trend:Decrease 72.11% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 47.48 (%).Trend:Decrease 2.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 180.27 (%).Trend:Increase 279.68% than previous quarter

Overall: increasing (268.73%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 144.25 (%).Trend:Decrease 75.25% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 81.87 (%).Trend:Decrease 43.24% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 399.6 (%).Trend:Increase 388.09% than previous quarter

Overall: increasing (177.02%). 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 -490.6 (%).Trend:Decrease 70.75% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -428.65 (%).Trend:Decrease 12.63% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -1806.59 (%).Trend:Increase 321.46% than previous quarter

Overall: decreasing (268.24%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 93.65 (%).Trend:Decrease 43.83% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 104.16 (%).Trend:Increase 11.22% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 118.96 (%).Trend:Increase 14.21% than previous quarter

Overall: increasing (27.03%). 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 -235.01 (%).Trend:Increase 3.09% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -328.99 (%).Trend:Increase 39.99% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -324.48 (%).Trend:Decrease 1.37% than previous quarter

Overall: decreasing (38.07%). Fluctuation: **Significant** (high variation).

Earning Per Share


From Q2 2020 to Q1 2021, liabilities and current assets on revenue increased significantly with considerable volatility. The ratio of retained earnings to revenue also decreased substantially. SG&A expenses showed a moderate increase, while retained earnings on assets decreased with significant variation.