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 23.19 (%).Trend:Decrease 48.92% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 14.25 (%).Trend:Decrease 38.55% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 59.99 (%).Trend:Increase 320.98% than previous quarter

Overall: increasing (158.69%). Fluctuation: **Significant** (high variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 154.12 (%).Trend:Decrease 47.97% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 109.52 (%).Trend:Decrease 28.94% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 491.99 (%).Trend:Increase 349.22% than previous quarter

Overall: increasing (219.23%). 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 -77.7 (%).Trend:Decrease 51.59% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -57.68 (%).Trend:Decrease 25.77% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -241.98 (%).Trend:Increase 319.52% than previous quarter

Overall: decreasing (211.43%). 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 -43.72 (%).Trend:Decrease 6.3% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -44.86 (%).Trend:Increase 2.61% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -41.89 (%).Trend:Decrease 6.62% than previous quarter

Overall: increasing (-4.19%). Fluctuation: **Significant** (high variation).

Earning Per Share
Year 2020 Quarter 2: Earning Per Share 2.0 (USD).Trend:Increase 100.0% than previous quarter
Year 2020 Quarter 3: Earning Per Share 2.0 (USD).Trend:Increase 0.0% than previous quarter
Year 2021 Quarter 1: Earning Per Share 0.97 (USD).Trend:Decrease 51.5% than previous quarter

Overall: decreasing (-51.5%). Fluctuation: **Significant** (high variation).



Financial performance from Q2 2020 to Q1 2021 is characterized by significant volatility. Working capital efficiency shows substantial increases and decreases in liabilities and current assets on revenue. Cost efficiency demonstrates substantial declines in the retained earnings to revenue ratio, while investment efficiency shows significant variations in retained earnings on assets. Earnings per share also demonstrate considerable fluctuation.