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 96.11 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 67.92 (%).Trend:Decrease 29.33% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 187.65 (%).Trend:Increase 176.28% than previous quarter

Overall: increasing (95.25%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 106.62 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 67.7 (%).Trend:Decrease 36.5% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 186.21 (%).Trend:Increase 175.05% than previous quarter

Overall: increasing (74.65%). 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 -57.01 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -34.99 (%).Trend:Decrease 38.62% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -83.77 (%).Trend:Increase 139.41% than previous quarter

Overall: decreasing (46.94%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 15.11 (%).Trend:Decrease 100.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 14.97 (%).Trend:Decrease 0.93% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 14.14 (%).Trend:Decrease 5.54% than previous quarter

Overall: decreasing (-6.42%). 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 -32.74 (%).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -30.95 (%).Trend:Decrease 5.47% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -27.18 (%).Trend:Decrease 12.18% than previous quarter

Overall: increasing (-16.98%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 0.9 (USD).Trend:Increase 0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 1.51 (USD).Trend:Increase 67.78% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.71 (USD).Trend:Decrease 52.98% than previous quarter

Overall: decreasing (-21.11%). Fluctuation: **Significant** (high variation).



Financial analysis of Q2 2020 to Q1 2021 shows substantial fluctuations in working capital efficiency metrics. Liabilities and current assets on revenue increased significantly but with substantial quarter-to-quarter variations. Cost efficiency, as measured by retained earnings to revenue, shows a consistent decline, with significant fluctuations.  SG&A expense ratio displays a slight, steady downward trend. Investment efficiency and earnings per share show substantial variability.