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 48.69 (%).Trend:Decrease 57.97% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 38.07 (%).Trend:Decrease 21.81% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 93.32 (%).Trend:Increase 145.13% than previous quarter

Overall: increasing (91.66%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 111.99 (%).Trend:Decrease 42.71% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 65.61 (%).Trend:Decrease 41.41% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 126.15 (%).Trend:Increase 92.27% than previous quarter

Overall: increasing (12.64%). 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 -9.96 (%).Trend:Decrease 258.1% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -10.37 (%).Trend:Increase 4.12% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -15.79 (%).Trend:Increase 52.27% than previous quarter

Overall: decreasing (58.53%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 3.05 (%).Trend:Increase 1.67% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 3.08 (%).Trend:Increase 0.98% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 2.85 (%).Trend:Decrease 7.47% than previous quarter

Overall: decreasing (-6.56%). 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 -3.49 (%).Trend:Decrease 386.07% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -5.72 (%).Trend:Increase 63.9% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -3.62 (%).Trend:Decrease 36.71% than previous quarter

Overall: decreasing (3.72%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -5.67 (USD).Trend:Increase 146.52% than previous quarter
Year 2020 Quarter 3: Earning Per Share -6.43 (USD).Trend:Increase 13.4% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.36 (USD).Trend:Decrease 105.6% than previous quarter

Overall: increasing (-106.35%). Fluctuation: **Significant** (high variation).



Financial statements for Q2 2020 to Q1 2021 show a mixed bag, with some improvement but still significant fluctuations.  Working capital efficiency, measured by liabilities and current assets on revenue, increased moderately, but the trend exhibits high volatility. Cost efficiency, reflected by the ratio of retained earnings to revenue, fell significantly. SG&A expenses decreased slightly with low volatility, but investment efficiency declined. Earnings per share increased, though with high volatility.