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 93.72 (%).Trend:Increase 7.0% than previous quarter
Year 2020 Quarter 3: Liabilities on Revenue 66.68 (%).Trend:Decrease 28.85% than previous quarter
Year 2021 Quarter 1: Liabilities on Revenue 77.05 (%).Trend:Increase 15.55% than previous quarter

Overall: decreasing (-17.79%). Fluctuation: **Neutral** (moderate variation).

Current assets on Revenue
Year 2020 Quarter 2: Current assets on Revenue 649.36 (%).Trend:Decrease 2.96% than previous quarter
Year 2020 Quarter 3: Current assets on Revenue 443.36 (%).Trend:Decrease 31.72% than previous quarter
Year 2021 Quarter 1: Current assets on Revenue 1870.29 (%).Trend:Increase 321.84% than previous quarter

Overall: increasing (188.02%). 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 -175.95 (%).Trend:Decrease 40.66% than previous quarter
Year 2020 Quarter 3: Ratio of Retained Earnings to Revenue -127.03 (%).Trend:Decrease 27.8% than previous quarter
Year 2021 Quarter 1: Ratio of Retained Earnings to Revenue -292.71 (%).Trend:Increase 130.43% than previous quarter

Overall: decreasing (66.36%). Fluctuation: **Significant** (high variation).

Selling, General & Administrative (SG&A) Expense Ratio
Year 2020 Quarter 2: Selling, General & Administrative (SG&A) Expense Ratio 71.25 (%).Trend:Increase 12.03% than previous quarter
Year 2020 Quarter 3: Selling, General & Administrative (SG&A) Expense Ratio 73.15 (%).Trend:Increase 2.67% than previous quarter
Year 2021 Quarter 1: Selling, General & Administrative (SG&A) Expense Ratio 79.61 (%).Trend:Increase 8.83% than previous quarter

Overall: increasing (11.73%). 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 -26.31 (%).Trend:Decrease 38.73% than previous quarter
Year 2020 Quarter 3: Retained Earning on Assets -27.38 (%).Trend:Increase 4.07% than previous quarter
Year 2021 Quarter 1: Retained Earning on Assets -15.27 (%).Trend:Decrease 44.23% than previous quarter

Overall: increasing (-41.96%). Fluctuation: **Significant** (high variation).

Earning Per Share


From Q2 2020 to Q1 2021, liabilities on revenue decreased (-17.79%) with moderate fluctuation, while current assets on revenue increased significantly (188.02%) with substantial variation. The ratio of retained earnings to revenue decreased (-66.36%) with significant fluctuation. SG&A expenses increased (11.73%) with little fluctuation. Retained earnings on assets increased (-41.96%) with significant fluctuation. The absence of Earnings Per Share data limits a complete assessment. These trends suggest a complex financial situation with improving asset levels but declining retained earnings.