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 showcases high volatility. Working capital efficiency reveals rising trends in liabilities and current assets on revenue, but significant quarter-to-quarter changes exist. Cost efficiency, as indicated by the fluctuating ratio of retained earnings to revenue, demonstrates considerable quarterly swings, although a generally increasing trend.  SG&A expense ratio decreased overall, with moderate fluctuation.  Investment efficiency shows an overall increasing retained earnings on assets but with massive fluctuations between quarters. Earning per share shows a significant increasing trend but with large, volatile swings.