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 46.09 (%).Trend:Decrease 53.28% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 34.91 (%).Trend:Decrease 24.26% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 73.11 (%).Trend:Increase 109.42% than previous quarter

Overall: increasing (58.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 124.09 (%).Trend:Decrease 41.86% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 83.19 (%).Trend:Decrease 32.96% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 148.73 (%).Trend:Increase 78.78% than previous quarter

Overall: increasing (19.86%). 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 419.34 (%).Trend:Decrease 31.22% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 274.19 (%).Trend:Decrease 34.61% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 362.39 (%).Trend:Increase 32.17% than previous quarter

Overall: decreasing (-13.58%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 1.72 (%).Trend:Decrease 3540.0% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 1.87 (%).Trend:Increase 8.72% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 3.17 (%).Trend:Increase 69.52% than previous quarter

Overall: increasing (84.3%). Fluctuation: **Significant** (high 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 59.24 (%).Trend:Increase 2.62% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 57.71 (%).Trend:Decrease 2.58% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 42.55 (%).Trend:Decrease 26.27% than previous quarter

Overall: decreasing (-28.17%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -1.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.75 (USD).Trend:Decrease 175.0% than previous quarter

Overall: increasing (-175.0%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 demonstrates significant fluctuations across various metrics. Working capital efficiency, with both liabilities and current assets on revenue, is increasing, but exhibits high volatility.  Cost efficiency, measured by the ratio of retained earnings to revenue, is decreasing overall, though with moderate variation. The Selling, General, and Administrative (SG&A) expense ratio shows an overall increase, but is also highly volatile.  Investment efficiency, measured by retained earnings on assets, is decreasing with neutral variation. Earnings per share shows substantial increases and decreases.