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 39.46 (%).Trend:Decrease 55.79% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 26.82 (%).Trend:Decrease 32.03% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 155.18 (%).Trend:Increase 478.6% than previous quarter

Overall: increasing (293.26%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 79.13 (%).Trend:Decrease 51.24% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 50.2 (%).Trend:Decrease 36.56% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 242.75 (%).Trend:Increase 383.57% than previous quarter

Overall: increasing (206.77%). 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 2.25 (%).Trend:Decrease 122.75% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -16.46 (%).Trend:Decrease 831.56% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -64.92 (%).Trend:Increase 294.41% than previous quarter

Overall: decreasing (-2985.33%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 53.86 (%).Trend:Decrease 15.25% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 70.91 (%).Trend:Increase 31.66% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 53.57 (%).Trend:Decrease 24.45% than previous quarter

Overall: decreasing (-0.54%). 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 0.82 (%).Trend:Decrease 151.57% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -9.03 (%).Trend:Decrease 1201.22% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -9.36 (%).Trend:Increase 3.65% than previous quarter

Overall: decreasing (-1241.46%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 1.14 (USD).Trend:Increase 1528.57% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.28 (USD).Trend:Decrease 212.28% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.84 (USD).Trend:Decrease 165.62% than previous quarter

Overall: decreasing (-26.32%). Fluctuation: **Significant** (high variation).



Analysis of Q2 2020 to Q1 2021 reveals significant increases in Liabilities on Revenue and Current Assets on Revenue, accompanied by high variability.  Conversely, Ratio of Retained Earnings to Revenue and Retained Earning on Assets experienced major decreases with significant fluctuation.  The SG&A Expense Ratio showed a minor decrease with moderate variation. Earning Per Share decreased considerably with substantial fluctuation.