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 61.54 (%).Trend:Decrease 65.98% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 37.4 (%).Trend:Decrease 39.23% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 61.05 (%).Trend:Increase 63.24% than previous quarter

Overall: decreasing (-0.8%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 312.02 (%).Trend:Decrease 60.59% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 253.56 (%).Trend:Decrease 18.74% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 274.89 (%).Trend:Increase 8.41% than previous quarter

Overall: decreasing (-11.9%). Fluctuation: **Neutral** (moderate 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 498.47 (%).Trend:Decrease 56.68% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue 353.59 (%).Trend:Decrease 29.06% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue 320.02 (%).Trend:Decrease 9.49% than previous quarter

Overall: decreasing (-35.8%). Fluctuation: **Neutral** (moderate variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 64.85 (%).Trend:Decrease 1.77% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 69.47 (%).Trend:Increase 7.12% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 20.04 (%).Trend:Decrease 71.15% than previous quarter

Overall: decreasing (-69.1%). 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 48.33 (%).Trend:Decrease 5.12% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets 47.75 (%).Trend:Decrease 1.2% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets 45.13 (%).Trend:Decrease 5.49% than previous quarter

Overall: decreasing (-6.62%). Fluctuation: **Little** (low variation).

Earning Per Share


Financial performance from Q2 2020 to Q1 2021 shows a general downward trend across all key metrics. Liabilities on revenue and current assets on revenue are decreasing, indicating potential issues with working capital efficiency.  Cost efficiency, measured by the ratio of retained earnings to revenue and SG&A expense ratio, also shows a significant decline.  Investment efficiency, as measured by retained earnings on assets, is decreasing at a more stable rate.  The significant fluctuation in the SG&A expense ratio warrants further investigation, possibly signaling changes in operational strategies.