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 38.74 (%).Trend:Decrease 46.71% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 32.22 (%).Trend:Decrease 16.83% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 66.39 (%).Trend:Increase 106.05% than previous quarter

Overall: increasing (71.37%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 107.75 (%).Trend:Decrease 56.85% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 71.07 (%).Trend:Decrease 34.04% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 134.21 (%).Trend:Increase 88.84% than previous quarter

Overall: increasing (24.56%). 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 -8.46 (%).Trend:Increase 9.44% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -0.87 (%).Trend:Decrease 89.72% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 6.78 (%).Trend:Decrease 879.31% than previous quarter

Overall: increasing (-180.14%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 40.65 (%).Trend:Increase 7.4% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 36.32 (%).Trend:Decrease 10.65% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 31.82 (%).Trend:Decrease 12.39% than previous quarter

Overall: decreasing (-21.72%). Fluctuation: **Neutral** (moderate 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 -4.59 (%).Trend:Increase 123.9% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -0.75 (%).Trend:Decrease 83.66% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 2.91 (%).Trend:Decrease 488.0% than previous quarter

Overall: increasing (-163.4%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share -0.63 (USD).Trend:Increase 1160.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 0.44 (USD).Trend:Decrease 169.84% than previous quarter
Year 2021 Quarter 1: Earning Per Share 1.12 (USD).Trend:Increase 154.55% than previous quarter

Overall: increasing (-277.78%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 exhibits substantial volatility. Working capital efficiency shows increases in both liabilities and current assets on revenue, but with significant quarterly variations. Cost efficiency reveals a fluctuating ratio of retained earnings to revenue, exhibiting an overall increasing trend, but with considerable fluctuations. SG&A expense ratio shows a decreasing trend, indicating minor variations. Investment efficiency shows a volatile overall increasing trend in retained earnings on assets with considerable fluctuations.  Earning per share also shows a significant increasing trend with extremely large quarterly changes, indicating volatility in profits.