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 50.1 (%).Trend:Decrease 50.6% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.33 (%).Trend:Decrease 31.48% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 116.73 (%).Trend:Increase 240.02% than previous quarter

Overall: increasing (132.99%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 212.83 (%).Trend:Decrease 44.17% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 126.52 (%).Trend:Decrease 40.55% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 397.84 (%).Trend:Increase 214.45% than previous quarter

Overall: increasing (86.93%). 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 -184.99 (%).Trend:Decrease 37.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -142.41 (%).Trend:Decrease 23.02% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -551.29 (%).Trend:Increase 287.11% than previous quarter

Overall: decreasing (198.01%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 36.67 (%).Trend:Increase 11.32% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 38.68 (%).Trend:Increase 5.48% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 36.22 (%).Trend:Decrease 6.36% than previous quarter

Overall: decreasing (-1.23%). 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 -51.31 (%).Trend:Increase 8.45% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -61.57 (%).Trend:Increase 20.0% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -74.8 (%).Trend:Increase 21.49% than previous quarter

Overall: decreasing (45.78%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.38 (USD).Trend:Increase 15.15% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.58 (USD).Trend:Increase 52.63% than previous quarter
Year 2021 Quarter 1: Earning Per Share -5.28 (USD).Trend:Increase 810.34% than previous quarter

Overall: decreasing (1289.47%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show a mixed performance. Working capital efficiency, both liabilities and current assets on revenue, saw increases (132.99% and 86.93%, respectively), but with significant volatility.  Cost efficiency, measured by the SG&A expense ratio, declined slightly (-1.23%) with little variation. Investment efficiency (retained earnings on assets) and earnings per share declined considerably (45.78% and 1289.47%, respectively) with high fluctuation.