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 39.55 (%).Trend:Decrease 54.65% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 23.38 (%).Trend:Decrease 40.88% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 63.92 (%).Trend:Increase 173.4% than previous quarter

Overall: increasing (61.62%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 39.35 (%).Trend:Decrease 57.36% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 23.71 (%).Trend:Decrease 39.75% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 63.9 (%).Trend:Increase 169.51% than previous quarter

Overall: increasing (62.39%). 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 13.87 (%).Trend:Decrease 45.42% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 9.59 (%).Trend:Decrease 30.86% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 27.7 (%).Trend:Increase 188.84% than previous quarter

Overall: increasing (99.71%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 11.6 (%).Trend:Decrease 5.07% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 11.05 (%).Trend:Decrease 4.74% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 10.38 (%).Trend:Decrease 6.06% than previous quarter

Overall: decreasing (-10.52%). 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 17.05 (%).Trend:Increase 15.59% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 19.08 (%).Trend:Increase 11.91% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 20.91 (%).Trend:Increase 9.59% than previous quarter

Overall: increasing (22.64%). Fluctuation: **Neutral** (moderate variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -3.0 (USD).Trend:Decrease 25.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share -2.0 (USD).Trend:Decrease 33.33% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.31 (USD).Trend:Decrease 165.5% than previous quarter

Overall: increasing (-143.67%). Fluctuation: **Significant** (high variation).



Q2 2020 to Q1 2021 shows significant fluctuations in working capital efficiency. Liabilities on revenue increased by 61.62% overall, while current assets on revenue also increased by 62.39%. Cost efficiency shows a significant increase in the ratio of retained earnings to revenue (99.71%) despite high variation. The SG&A expense ratio decreased by 10.52% overall. Investment efficiency shows a neutral increase in retained earnings on assets. Earnings per share showed a significant increase overall despite negative figures for most quarters.