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 55.25 (%).Trend:Decrease 47.33% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 35.44 (%).Trend:Decrease 35.86% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 109.32 (%).Trend:Increase 208.47% than previous quarter

Overall: increasing (97.86%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 377.64 (%).Trend:Decrease 50.16% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 245.53 (%).Trend:Decrease 34.98% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 794.51 (%).Trend:Increase 223.59% than previous quarter

Overall: increasing (110.39%). 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 46.97 (%).Trend:Decrease 57.9% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 24.9 (%).Trend:Decrease 46.99% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 81.13 (%).Trend:Increase 225.82% than previous quarter

Overall: increasing (72.73%). 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 6.99 (%).Trend:Decrease 12.3% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 5.62 (%).Trend:Decrease 19.6% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 5.89 (%).Trend:Increase 4.8% than previous quarter

Overall: decreasing (-15.74%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.42 (USD).Trend:Increase 133.33% than previous quarter
Year 2020 Quarter 3: Earning Per Share -0.8 (USD).Trend:Increase 90.48% than previous quarter
Year 2021 Quarter 1: Earning Per Share -0.24 (USD).Trend:Decrease 70.0% than previous quarter

Overall: increasing (-42.86%). Fluctuation: **Significant** (high variation).



Analyzing Q2 2020 to Q1 2021 data reveals significant increases in liabilities and current assets on revenue, accompanied by substantial fluctuations. The ratio of retained earnings to revenue also showed a marked increase with significant volatility.  Retained earnings on assets decreased slightly with moderate fluctuations, while earnings per share increased, though with high variability.  The absence of SG&A data prevents a complete analysis of cost efficiency.