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 32.14 (%).Trend:Decrease 50.6% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 23.76 (%).Trend:Decrease 26.07% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 358.16 (%).Trend:Increase 1407.41% than previous quarter

Overall: increasing (1014.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 92.41 (%).Trend:Decrease 45.83% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 61.67 (%).Trend:Decrease 33.26% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 548.7 (%).Trend:Increase 789.74% than previous quarter

Overall: increasing (493.77%). 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 88.08 (%).Trend:Decrease 45.94% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 55.37 (%).Trend:Decrease 37.14% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 304.25 (%).Trend:Increase 449.49% than previous quarter

Overall: increasing (245.42%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio

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 47.56 (%).Trend:Increase 2.37% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 45.02 (%).Trend:Decrease 5.34% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 28.25 (%).Trend:Decrease 37.25% than previous quarter

Overall: decreasing (-40.6%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share


Financial performance from Q2 2020 to Q1 2021 reveals significant fluctuations.  Liabilities on revenue increased dramatically in Q1 2021, contrasting with the consistent decreases in prior quarters. Current assets on revenue also showed a substantial increase in Q1 2021 after consistent decreases. Cost efficiency, measured by the retained earnings to revenue ratio, increased considerably in Q1 2021 following a decline trend.  Investment efficiency, using retained earnings on assets, decreased. This significant variation indicates periods of instability requiring analysis of influencing factors.